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Washington Prime Group Announces Tax Reporting Information for 2020 Distributions

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·4 min read
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Washington Prime Group Inc. (NYSE: WPG) today announced the 2020 tax reporting information (Federal Form 1099) for distributions as shown below. The distributions relate to its common shares, Series H Cumulative Redeemable Preferred Shares of Beneficial Interest and Series I Cumulative Redeemable Preferred Shares of Beneficial Interest.

Amounts reported to Dividend Reinvestment and Stock Purchase Plan participants will differ due to administrative costs. Participants should refer to their Form 1099 which will be mailed no later than January 31, 2021. The taxability of the 2020 common stock distributions and the 2020 preferred stock distributions are not indicative of the taxability of future distributions.

Common Stock - Ticker Symbol: WPG

Record Date

Payable Date

Type of Distribution

CUSIP Number

Total Distribution Per Share

Ordinary Dividends

L-T Capital
Gains

Unrecap.

1250 Gain

Non-Dividend Distributions

Liquidated Distributions

Section 199A Dividends

03/09/2020

03/16/2020

Cash

93964W108

$0.125000

$0.125000

$0.000000

$0.000000

$0.000000

$0.000000

$0.125000

TOTAL

$0.125000

$0.125000

$0.000000

$0.000000

$0.000000

$0.000000

$0.125000

Preferred Stock - 7.5% Series H Preferred Shares - Ticker Symbol: WPG-H

Record Date

Payable Date

Type of Distribution

CUSIP Number

Total Distribution Per Share

Ordinary Dividends

L-T Capital
Gains

Unrecap.

1250 Gain

Non-Dividend Distributions

Liquidated Distributions

Section 199A Dividends

03/30/2020

04/15/2020

Cash

93964W207

$0.468800

$0.468800

$0.000000

$0.000000

$0.000000

$0.000000

$0.468800

06/29/2020

07/15/2020

Cash

93964W207

$0.468800

$0.468800

$0.000000

$0.000000

$0.000000

$0.000000

$0.468800

09/28/2020

10/15/2020

Cash

93964W207

$0.468800

$0.468800

$0.000000

$0.000000

$0.000000

$0.000000

$0.468800

12/28/2020

01/15/2021

Cash

93964W207

$0.468800

$0.468800

$0.000000

$0.000000

$0.000000

$0.000000

$0.468800

TOTAL

$1.875200

$1.875200

$0.000000

$0.000000

$0.000000

$0.000000

$1.875200

Preferred Stock - 6.875% Series I Preferred Shares - Ticker Symbol: WPG-I

Record Date

Payable Date

Type of Distribution

CUSIP Number

Total Distribution Per Share

Ordinary Dividends

L-T Capital
Gains

Unrecap.

1250 Gain

Non-Dividend Distributions

Liquidated Distributions

Section 199A Dividends

03/30/2020

04/15/2020

Cash

93964W306

$0.429700

$0.429700

$0.000000

$0.000000

$0.000000

$0.000000

$0.429700

06/29/2020

07/15/2020

Cash

93964W306

$0.429700

$0.429700

$0.000000

$0.000000

$0.000000

$0.000000

$0.429700

09/28/2020

10/15/2020

Cash

93964W306

$0.429700

$0.429700

$0.000000

$0.000000

$0.000000

$0.000000

$0.429700

12/28/2020

01/15/2021

Cash

93964W306

$0.429700

$0.429700

$0.000000

$0.000000

$0.000000

$0.000000

$0.429700

TOTAL

$1.718800

$1.718800

$0.000000

$0.000000

$0.000000

$0.000000

$1.718800

This press release is intended to serve as the written notice required by the Internal Revenue Code that the amounts in the "L-T Capital Gains" columns above are designated as Capital Gains Dividends.

Pursuant to Treas. Reg. § 1.1061-6(c), Washington Prime Group Inc. 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:

  • One Year Amounts Disclosure: $0

  • Three Year Amounts Disclosure: $0

Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests", and investors should contact a tax advisor with respect to the two additional amounts disclosed herein.

About Washington Prime Group
Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. Washington Prime Group® is a registered trademark of the Company. Learn more at www.washingtonprime.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210125005883/en/

Contacts

Computershare Investor Services at 800.738.4931

John Mills, Senior Director, Tax, Washington Prime Group, at 614.887.5910