SITE Centers Announces Tax Allocations of 2024 Dividend Distributions

BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2024 distributions on its common shares and preferred shares.

For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2024 distributions, including the spin-off of Curbline Properties Corp. (NYSE: CURB). The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2024 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.

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
4Q23	82981J851	12/11/2023	01/05/2024	$0.000000	$0.037501	$0.092499	$ 0.130000	$0.000000	$0.019962
1Q24	82981J851	03/14/2024	04/05/2024	$0.000000	$0.037501	$0.092499	$ 0.130000	$0.000000	$0.019962
2Q24	82981J851	06/18/2024	07/09/2024	$0.000000	$0.037501	$0.092499	$ 0.130000	$0.000000	$0.019962
CURB SPIN-OFF	82981J851	09/23/2024	10/01/2024	$0.000000	$12.859807	$31.720193	$44.580000	$0.000000	$6.845400
Total				$0.000000	$12.972310	$31.997690	$44.970000	$0.000000	$6.905286

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
01/15/24 – 04/14/24	82981J877	03/28/2024	04/15/2024	$0.000000	$0.398440	$0.000000	$0.398440	$0.000000	$0.398440
04/15/24– 07/14/24	82981J877	06/28/2024	07/15/2024	$0.000000	$0.398440	$0.000000	$0.398440	$0.000000	$0.398440
07/15/24 – 10/14/24	82981J877	09/30/2024	10/15/2024	$0.000000	$0.398440	$0.000000	$0.398440	$0.000000	$0.398440
10/15/24 – 11/26/24	82981J877	11/26/2024	11/26/2024	$0.000000	$0.181500	$0.000000	$0.181500	$0.000000	$0.181500
Total				$0.000000	$1.376820	$0.000000	$1.376820	$0.000000	$1.376820

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers primarily 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 NYSE 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/20250128201620/en/

For additional information:

Gerry Morgan, EVP and

Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the quarterly dividend amount for SITC common shares in 2024?

SITC's quarterly dividend for common shares in 2024 is $0.13 per share.

How much was the Curbline Properties spin-off worth per SITC share?

The Curbline Properties (CURB) spin-off was worth $44.58 per SITC share, distributed on October 1, 2024.

What is the tax classification of SITC's 2024 common share distributions?

The distributions are classified as $12.97231 in capital gains and $31.99769 in return of capital, with no ordinary dividends.

What is the dividend amount for SITC preferred shares (SITC_pa) in 2024?

SITC preferred shares received quarterly payments of $0.3984 for the first three quarters and $0.1815 for the final period, totaling $1.3768 for the year.

When are the SITC dividend payment dates for 2024?

Common share dividends are paid on January 5, April 5, July 9, and the spin-off occurred on October 1, 2024.