In This Article:
CHATTANOOGA, Tenn., January 27, 2025--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced tax reporting (Federal 1099) information for the 2024 distributions on its Common stock.
The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:
CBL & Associates Properties, Inc., Common Stock
CUSIP# 124830-878
NYSE: CBL
| Record Date | Payable Date | Distribution | 2024 Ordinary | 2024 Qualified | 2024 Capital Gain | 2024 Non-Dividend | Section 199A
|
| 03/15/2024 | 03/29/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 06/13/2024 | 06/28/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 09/13/2024 | 09/30/2024 | $0.40 | $0.3884934 | $0.0000000 | $0.0000000 | $0.0115066 | $0.3884934 |
| 11/25/2024 | 12/11/2024 | $0.40 | $0.2562391 | $0.0163903 | $0.1377561 | $0.0060048 | $0.2398488 |
| Totals | $1.60 | $1.4217193 | $0.0163903 | $ 0.1377561 | $0.0405246 | $1.4053290 | |
| Percentage |
| 88.857% | 1.153% | 8.610% | 2.533% | 87.833% | |
| (1) | Under Section 199A, REIT dividends are eligible for a 20% deduction when received by eligible taxpayers. Please consult your tax advisor for proper tax treatment of the dividend distribution. These amounts are a subset of, and included in, the amounts in Box 1a. |
No Alternative Minimum Taxable Income adjustment is included in the current year for the recipients of the above distributions.
Section 1061 Disclosure
Pursuant to Treas. Reg. § 1.1061-6(c), CBL Properties 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. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."
| Record Date | Payable Date | Section 1061 | Section 1061 |
| 03/15/2024 | 03/29/2024 | $0.0000000 | $0.0000000 |
| 06/13/2024 | 06/28/2024 | $0.0000000 | $0.0000000 |
| 09/13/2024 | 09/30/2024 | $0.0000000 | $0.0000000 |
| 11/25/2024 | 12/11/2024 | $0.1377561 | $0.1377561 |
| Totals | $0.1377561 | $0.1377561 | |
| (1) | Represents the amount per share to be reported in Box 2a applicable to the One-Year and Three-Year amounts. |
Supplementary Information for Non-U.S. Shareholders:
| Record Date | Payable Date | Section 897 | Section 897 |
| 03/15/2024 | 03/29/2024 | $0.0000000 | $0.0000000 |
| 06/13/2024 | 06/28/2024 | $0.0000000 | $0.0000000 |
| 09/13/2024 | 09/30/2024 | $0.0000000 | $0.0000000 |
| 11/25/2024 | 12/11/2024 | $0.0535016 | $0.1377561 |
| Totals | $0.0535016 | $0.1377561 | |
| (1) | Represent the amount per share to be reported in Box 2e and 2f on Form 1099-DIV. |
This information represents FINAL income allocations.