CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2024 distributions on its Common stock.
The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:
CBL & Associates Properties, Inc., Common Stock
CUSIP# 124830-878
NYSE: CBL
| Record Date |
Payable Date |
Distribution Per Share |
2024 Ordinary Dividends (Box 1a) |
2024 Qualified Dividends (Box 1b) |
2024 Capital Gain Distribution (Box 2a) |
2024 Non-Dividend Distribution (Box 3) |
Section 199A Dividends (Box 5) (1) |
|---|---|---|---|---|---|---|---|
| 03/15/2024 | 03/29/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 06/13/2024 | 06/28/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 09/13/2024 | 09/30/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 11/25/2024 | 12/11/2024 | $0.40 | $0.2562391 | $0.0163903 | $0.1377561 | $0.0060048 | $0.2398488 |
| Totals | $1.60 | $1.4217193 | $0.0163903 | $0.1377561 | $0.0405246 | $1.4053290 | |
| Percentage | 88.857% | 1.153% | 8.610% | 2.533% | 87.833% | ||
| (1) | Under Section 199A, REIT dividends are eligible for a 20% deduction when received by eligible taxpayers. Please consult your tax advisor for proper tax treatment of the dividend distribution. These amounts are a subset of, and included in, the amounts in Box 1a. |
No Alternative Minimum Taxable Income adjustment is included in the current year for the recipients of the above distributions.
Section 1061 Disclosure
Pursuant to Treas. Reg. § 1.1061-6(c), CBL Properties is disclosing below two additional amounts related to the capital gain dividends reported in Form 1099-DIV Box 2a, Total Capital Gain Distr. for purposes of section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”
| Record Date |
Payable Date |
Section 1061 One-Year Amount Disclosure Per Share (1) |
Section 1061 Three-Year Amount Disclosure Per Share (1) |
|---|---|---|---|
| 03/15/2024 | 03/29/2024 | $0.0000000 | $0.0000000 |
| 06/13/2024 | 06/28/2024 | $0.0000000 | $0.0000000 |
| 09/13/2024 | 09/30/2024 | $0.0000000 | $0.0000000 |
| 11/25/2024 | 12/11/2024 | $0.1377561 | $0.1377561 |
| Totals | $0.1377561 | $0.1377561 | |
| (1) | Represent the amount per share to be reported in Box 2e and 2f on Form 1099-DIV. |
Supplementary Information for Non-U.S. Shareholders:
| Record Date |
Payable Date |
Section 897 Ordinary Dividends (Box 2e) (1) |
Section 897 Capital Gain (Box 2f) (1) |
|---|---|---|---|
| 03/15/2024 | 03/29/2024 | $0.0000000 | $0.0000000 |
| 06/13/2024 | 06/28/2024 | $0.0000000 | $0.0000000 |
| 09/13/2024 | 09/30/2024 | $0.0000000 | $0.0000000 |
| 11/25/2024 | 12/11/2024 | $0.0535016 | $0.1377561 |
| Totals | $0.0535016 | $0.1377561 | |
| (1) | Represent the amount per share to be reported in Box 2e and 2f on Form 1099-DIV. |
This information represents FINAL income allocations.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 91 properties totaling 57.7 million square feet across 21 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.
Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K, and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" included therein, for a discussion of such risks and uncertainties.
CBL_CORP