GENERAL GROWTH PROPERTIES INC General Growth Properties, Inc. (NYSE: GGP) announced today the tax reporting information for 2014 distributions on its common stock and 6.375% Series A Cumulative Redeemable Preferred stock as shown below.
Distributions include an allocation of Unrecaptured Section 1250 Gain which is included in the Capital Gain Distribution figures. Distributions also include an Alternative Minimum Tax (“AMT”) adjustment to increase each dividend recipient’s Alternative Minimum Taxable Income (“AMTI”).
Participants should refer to their Federal Form 1099 which will be mailed no later than January 31, 2015 and contact American Stock Transfer & Trust Company, LLC at (866) 627-2643 for further information. Taxability of the 2014 distributions is not necessarily indicative of future distributions.
| 2014 TAX INFORMATION - Common Stock | ||||||||||||||||||
| Total | Taxable | Unrecaptured | ||||||||||||||||
| Record | Payable | Type of | Distribution | Total Taxable | Ordinary | Capital Gain | Sec. 1250 | AMTI | 2015 Taxable | |||||||||
| Date | Date | Distribution | Per Share | Distribution | Dividends | Distribution | Gain | Preference | Distribution | |||||||||
| 4/15/2014 | 4/30/2014 | Cash | $0.150000 | $0.150000 | $0.116245 | $0.033755 | $0.009149 | $0.006182 | N/A | |||||||||
| 7/15/2014 | 7/31/2014 | Cash | $0.150000 | $0.150000 | $0.150000 | $0.000000 | $0.000000 | $0.002326 | N/A | |||||||||
| 10/15/2014 | 10/31/2014 | Cash | $0.160000 | $0.160000 | $0.160000 | $0.000000 | $0.000000 | $0.002481 | N/A | |||||||||
| 12/15/2014 | 1/2/2015 | Cash | $0.170000 | $0.072687 | $0.072687 | $0.000000 | $0.000000 | $0.001127 | $0.097313 | |||||||||
| TOTAL | $0.630000 | $0.532687 | $0.498932 | $0.033755 | $0.009149 | $0.012116 | $0.097313 | |||||||||||
| PERCENT OF ANNUAL TOTAL | 100.00% | 93.66% | 6.34% | |||||||||||||||
| 2014 TAX INFORMATION - 6.375% Series A Cumulative Redeemable Preferred Stock | ||||||||||||||||||
| Total | Taxable | Unrecaptured | ||||||||||||||||
| Record | Payable | Type of | Distribution | Total Taxable | Ordinary | Capital Gain | Sec. 1250 | AMTI | 2015 Taxable | |||||||||
| Date | Date | Distribution | Per Share | Distribution | Dividends | Distribution | Gain | Preference | Distribution | |||||||||
| 3/17/2014 | 4/1/2014 | Cash | $0.398400 | $0.398400 | $0.398400 | $0.000000 | $0.000000 | $0.006177 | N/A | |||||||||
| 6/16/2014 | 7/1/2014 | Cash | $0.398400 | $0.398400 | $0.398400 | $0.000000 | $0.000000 | $0.006177 | N/A | |||||||||
| 9/15/2014 | 10/1/2014 | Cash | $0.398400 | $0.398400 | $0.398400 | $0.000000 | $0.000000 | $0.006177 | N/A | |||||||||
| 12/15/2014 | 1/2/2015 | Cash | $0.398400 | $0.398400 | $0.398400 | $0.000000 | $0.000000 | $0.006177 | N/A | |||||||||
| TOTAL | $1.593600 | $1.593600 | $1.593600 | $0.000000 | $0.000000 | $0.024709 | $0.000000 | |||||||||||
| PERCENT OF ANNUAL TOTAL | 100.00% | 100.00% | 0.00% | |||||||||||||||
ABOUT GGP
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.
