SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2023 distributions on its common shares and one series of preferred shares.
For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2023 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2023 federal income tax returns. The schedule below, presented in dollars 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, 2024 common share distribution will be included in the tax allocations for 2024.
Common Shares (NYSE: SITC)
Period |
CUSIP |
Record Date |
Payable Date |
Ordinary Dividends |
Total Capital Gain Distribution |
Return of Capital |
Total Distributions |
Section 199A Dividends |
Unrecaptured Sec. 1250 Gain |
4Q22 |
82981J109 |
12/09/2022 |
01/06/2023 |
$0.037061 |
$0.092939 |
$0.000000 |
$0.130000 |
$0.037061 |
$0.055080 |
1Q23 |
82981J109 |
03/17/2023 |
04/06/2023 |
$0.037061 |
$0.092939 |
$0.000000 |
$0.130000 |
$0.037061 |
$0.055080 |
2Q23 |
82981J109 |
06/14/2023 |
07/06/2023 |
$0.037061 |
$0.092939 |
$0.000000 |
$0.130000 |
$0.037061 |
$0.055080 |
3Q23 |
82981J109 |
09/26/2023 |
10/12/2023 |
$0.037061 |
$0.092939 |
$0.000000 |
$0.130000 |
$0.037061 |
$0.055080 |
Special 23 |
82981J109 |
12/27/2023 |
01/12/2024 |
$0.045613 |
$0.114387 |
$0.000000 |
$0.160000 |
$0.045613 |
$0.067791 |
Total |
|
|
|
$0.193857 |
$0.486143 |
$0.000000 |
$0.680000 |
$0.193857 |
$0.288111 |
Preferred Class A Depositary Shares (NYSE: SITC_pa)
Period |
CUSIP |
Record Date |
Payable Date |
Ordinary Dividends |
Total Capital Gain Distribution |
Return of Capital |
Total Distributions |
Section 199A Dividends |
Unrecaptured Sec. 1250 Gain |
01/15/23 – 04/14/23 |
82981J877 |
03/30/2023 |
04/17/2023 |
$0.113589 |
$0.284851 |
$0.000000 |
$0.398440 |
$0.113589 |
$0.284851 |
04/15/23– 07/14/23 |
82981J877 |
06/30/2023 |
07/17/2023 |
$0.113589 |
$0.284851 |
$0.000000 |
$0.398440 |
$0.113589 |
$0.284851 |
07/15/23 – 10/14/23 |
82981J877 |
09/29/2023 |
10/16/2023 |
$0.113589 |
$0.284851 |
$0.000000 |
$0.398440 |
$0.113589 |
$0.284851 |
10/15/23 – 01/14/24 |
82981J877 |
12/29/2023 |
01/16/2024 |
$0.113589 |
$0.284851 |
$0.000000 |
$0.398440 |
$0.113589 |
$0.284851 |
Total |
|
|
|
$0.454356 |
$1.139404 |
$0.000000 |
$1.593760 |
$0.454356 |
$1.139404 |
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240119795732/en/
Contacts
Conor Fennerty, EVP and
Chief Financial Officer
216-755-5500
