Advertisement
U.S. markets closed
  • S&P 500

    5,123.41
    -75.65 (-1.46%)
     
  • Dow 30

    37,983.24
    -475.84 (-1.24%)
     
  • Nasdaq

    16,175.09
    -267.10 (-1.62%)
     
  • Russell 2000

    2,003.17
    -39.43 (-1.93%)
     
  • Crude Oil

    85.45
    +0.43 (+0.51%)
     
  • Gold

    2,360.20
    -12.50 (-0.53%)
     
  • Silver

    27.97
    -0.28 (-0.99%)
     
  • EUR/USD

    1.0646
    -0.0085 (-0.79%)
     
  • 10-Yr Bond

    4.4990
    -0.0770 (-1.68%)
     
  • GBP/USD

    1.2451
    -0.0104 (-0.83%)
     
  • USD/JPY

    153.2400
    +0.0370 (+0.02%)
     
  • Bitcoin USD

    64,409.91
    -3,153.64 (-4.67%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,995.58
    +71.78 (+0.91%)
     
  • Nikkei 225

    39,523.55
    +80.92 (+0.21%)
     

CBL Properties Announces Tax Reporting Information for 2023 Common Stock Dividends

CHATTANOOGA, Tenn., January 25, 2024--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2023 distributions on its Common stock.

CBL & Associates Properties, Inc., Common Stock
CUSIP# 124830-878
NYSE: CBL

Record

Date

Payable

Date

Distribution
Per Share

2023
Ordinary
Taxable
Dividends
(Box 1a)

2023
Qualified
Dividends
Included
In Box 1a
(Box 1b)

2023
Capital Gain
Distribution
(Box 2a)

2023
Non-Dividend
Distribution
(ROC)
(Box 3)

Section
199A
Dividends
(Box 5) (1)

 

03/15/2023

03/31/2023

$0.375

$0.3750000

$0.0000000

$0.0000000

$0.000000

$0.3750000

06/14/2023

06/30/2023

$0.375

$0.3750000

$0.0000000

$0.0000000

$0.000000

$0.3750000

09/15/2023

09/29/2023

$0.375

$0.3750000

$0.0000000

$0.0000000

$0.000000

$0.3750000

12/12/2023

12/29/2023

$0.375

$0.1904375

$0.0369062

$0.1845625

$0.000000

$0.1535313

Totals

$1.50

$1.3154375

$0.0369062

$0.1845625

$0.000000

$1.2785313

Percentage

 

87.696%

2.806%

12.304%

0.00%

85.235%

(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.

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

Section 1061
Three-Year
Amount
Disclosure

 

 

 

 

03/15/2023

03/31/2023

$0.0000000

$0.0000000

 

 

 

 

06/14/2023

06/30/2023

$0.0000000

$0.0000000

 

 

 

 

09/15/2023

09/29/2023

$0.0000000

$0.0000000

 

 

 

 

12/12/2023

12/29/2023

$0.1845625

$0.1845625

 

 

 

 

Totals

$0.1845625

$0.1845625

 

 

 

 

Percentage (1)

100.00%

100.00%

 

 

 

 

(1)

Represents the percentage of the amount reported in Box 2a applicable to the One-Year and Three-Year amounts.

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)

 

 

 

 

03/15/2023

03/31/2023

$0.0260126

$0.0000000

 

 

 

 

06/14/2023

06/30/2023

$0.0000000

$0.0000000

 

 

 

 

09/15/2023

09/29/2023

$0.0000000

$0.0000000

 

 

 

 

12/12/2023

12/29/2023

$0.0000000

$0.1845625

 

 

 

 

Totals

$0.0260126

$0.1845625

 

 

 

 

(1)

Amounts 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 94 properties totaling 58.5 million square feet across 22 states, including 56 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240125453452/en/

Contacts

Investor Contact: Katie Reinsmidt, EVP & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

Advertisement