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SITE Centers Corp. Announces Tax Allocations of 2018 Dividend Distributions

BEACHWOOD, Ohio--(BUSINESS WIRE)--

SITE Centers Corp. (SITC) today announced the tax allocations of 2018 distributions on its common shares and three series of preferred shares.

For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2018 distributions including the spin-off of Retail Value Inc. (RVI) on July 2, 2018. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2018 federal income tax returns. The schedule below, presented on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.

Please note that the January 5, 2018 common share distribution is included in the tax allocations for 2018 and the January 4, 2019 common share distribution will be included in the tax allocations for 2019. Additionally, the company’s name and ticker symbol changed from DDR Corp. on October 12, 2018 and is reflected in the CUSIP column on the chart below.

Common Shares (SITC)

               

 

  Unrecaptured
Record Payable Ordinary Total Return of Total

Section 199A

Sec. 1250
Period   CUSIP   Date   Date   Dividends   Capital Gain   Capital (1)   Distributions  

Dividends

  Gain
4Q17   23317H102   12/12/2017   01/05/2018   0.034188   0.000000   0.155812   0.190000   0.034188   0.000000
1Q18   23317H102   03/16/2018   04/03/2018   0.034188   0.000000   0.155812   0.190000   0.034188   0.000000
2Q18   23317H102   06/13/2018   07/03/2018   0.068376   0.000000   0.311624   0.380000   0.068376   0.000000
RVI   23317H102   06/26/2018   07/01/2018   0.578503   0.000000   2.636547   3.215050   0.578503   0.000000
3Q18   23317H102   09/26/2018   10/10/2018   0.035987   0.000000   0.164013   0.200000   0.035987   0.000000
Total               0.751242   0.000000   3.423808   4.175050   0.751242   0.000000
 

Preferred Class A Depositary Shares (NYSE:SITC_pa)

                  Unrecaptured
Record Payable Ordinary Total Return of Total Section 199A Sec. 1250
Period   CUSIP   Date   Date   Dividends   Capital Gain   Capital (1)   Dividends   Dividends   Gain
01/15/18 – 04/14/18   23317H870   03/29/2018   04/16/2018   0.398440   0.000000   0.000000   0.398440   0.398440   0.000000
04/15/18 – 07/14/18   23317H870   06/29/2018   07/16/2018   0.398440   0.000000   0.000000   0.398440   0.398440   0.000000
07/15/18 – 10/14/18   23317H870   09/28/2018   10/15/2018   0.398440   0.000000   0.000000   0.398440   0.398440   0.000000
10/15/18 – 01/14/19   82981J885   12/28/2018   01/15/2019   0.398440   0.000000   0.000000   0.398440   0.398440   0.000000
Total               1.593760   0.000000   0.000000   1.593760   1.593760   0.000000
 

Preferred Class J Depositary Shares (NYSE:SITC_pj)

                  Unrecaptured
Record Payable Ordinary Total Return of Total Section 199A Sec. 1250
Period   CUSIP   Date   Date   Dividends   Capital Gain   Capital (1)   Dividends   Dividends   Gain
01/15/18 – 04/14/18   23317H607   03/29/2018   04/16/2018   0.406250   0.000000   0.000000   0.406250   0.406250   0.000000
04/15/18 – 07/14/18   23317H607   06/29/2018   07/16/2018   0.406250   0.000000   0.000000   0.406250   0.406250   0.000000
07/15/18 – 10/14/18   23317H607   09/28/2018   10/15/2018   0.406250   0.000000   0.000000   0.406250   0.406250   0.000000
10/15/18 – 01/14/19   82981J703   12/28/2018   01/15/2019   0.406250   0.000000   0.000000   0.406250   0.406250   0.000000
Total               1.625000   0.000000   0.000000   1.625000   1.625000   0.000000
 

Preferred Class K Depositary Shares (NYSE:SITC_pk)

                  Unrecaptured
Record Payable Ordinary Total Return of Total Section 199A Sec. 1250
Period   CUSIP   Date   Date   Dividends   Capital Gain   Capital (1)   Dividends   Dividends   Gain
01/15/18 – 04/14/18   23317H805   03/29/2018   04/16/2018   0.390630   0.000000   0.000000   0.390630   0.390630   0.000000
04/15/18 – 07/14/18   23317H805   06/29/2018   07/16/2018   0.390630   0.000000   0.000000   0.390630   0.390630   0.000000
07/15/18 – 10/14/18   23317H805   09/28/2018   10/15/2018   0.390630   0.000000   0.000000   0.390630   0.390630   0.000000
10/15/18 – 01/14/19   82981J869   12/28/2018   01/15/2019   0.390630   0.000000   0.000000   0.390630   0..90630   0.000000
Total               1.562520   0.000000   0.000000   1.562520   1.562520   0.000000
 

(1) Represents a return of stockholders’ original investment

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

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