EastGroup Properties : Announces the Income Tax Treatment of its 2016 Distributions
February 07, 2017 at 06:24 am EST
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JACKSON, MISSISSIPPI, January 26, 2017 - EastGroup Properties, Inc. (NYSE:EGP) announced today the income tax treatment of its 2016 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup Properties distributions.
Common Stock:
Ticker Symbol EGP, CUSIP #277 276 101
Record
Dates
Payment
Dates
Total
Distributions
Per Share
Total Ordinary
Dividend
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain (1)
Nondividend
Distributions (2)
03/23/16
03/31/16
$.60
$.51761
$.06960
$.03165
$.01279
06/17/16
06/30/16
.60
.51761
.06960
.03165
.01279
09/16/16
09/30/16
.62
.53486
.07192
.03271
.01322
12/16/16
12/30/16
.62
.53486
.07192
.03271
.01322
TOTALS
$2.44
$2.10494
$.28304
$.12872
$.05202
Form 1099-DIV box
1a
2a
2b
3
(1) Unrecaptured Sec. 1250 Gain (box 2b) is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.
(2) Return of Capital
The Company did not incur any foreign taxes in 2016. Of the total distributions during 2016, none are considered qualifying dividends for purposes of the federal 15% income tax rate. Should you need any additional information, please call Bruce Corkern, Chief Accounting Officer, at 601-354-3555.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible, and quality business distribution space for location sensitive customers primarily in the 5,000 to 50,000 square foot range. The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio currently includes 37.8 million square feet.
Eastgroup Properties Inc. published this content on 26 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 February 2017 11:24:11 UTC.
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EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Companyâs portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.