SITE Centers Announces Tax Allocations of 2023 Dividend Distributions

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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.

Metadata

Provider:

Business Wire, Inc.

Retrieved on:

Friday, January 19, 2024

Information

Tags:

Commercial Building & Real Estate, Construction & Property, Specialty, Convenience Store, Urban Planning, REIT, Retail, Department Stores, SITE, SITE Centers, Form

Geotags:

OHIO, UNITED STATES, NORTH AMERICA

⚠ partially generated by AI ↴

Organisation:

SITE CENTERS, SITE CENTERS CORP.

Stock Symbol:

NYSE:SITC

Summary

Key Points:

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.
Please note that the January 5, 2024 common share distribution will be included in the tax allocations for 2024.

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.

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