Macerich Announces Tax Treatment Of 2020 Dividends

Rhea-AI Summary

The Macerich Company (NYSE: MAC) announced the tax treatment for 2020 dividends, amounting to $1.55 per share. These dividends consist of qualified REIT dividends under Internal Revenue Code section 199A. Key dates include record dates ranging from February 21 to November 9, 2020, with payable dates from March 3 to December 3, 2020. The dividends classified for the year are $0.04 ordinary, $0.02 capital gain distributions, and $0.70 nondividend distributions. Macerich is recognized for its sustainability efforts, achieving CDP A List status for five consecutive years.

Positive

• Paid $1.55 per share in dividends for 2020, which may attract investors.
• Dividends classified as qualified REIT dividends potentially offer tax benefits.
• Achieved CDP A List status for sustainability, enhancing corporate reputation.

Negative

• None.

SANTA MONICA, Calif., Jan. 12, 2021 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2020 on its Common Stock.

During the calendar year ended December 31, 2020 Macerich paid dividends of $1.55 per share.  The 2020 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:

Record Date	Payable Date	Rate per Share	2020 Taxable Ordinary Dividends	2020 Total Capital Gain Distribution	2020 Nondividend Distribution
2/21/2020	3/3/2020	$0.75	$0.04	$0.01	$0.70
4/22/2020	6/3/2020	$0.50	$0.02	$0.01	$0.47
8/19/2020	9/8/2020	$0.15	$0.01	$0.0	$0.14
11/9/2020	12/3/2020	$0.15	$0.01	$0.0	$0.14

The 2020 Taxable Ordinary Dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code section 199A.

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast and in Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has earned CDP A List status for five years and achieved the GRESB Green Star rating in the North American Retail Sector for six consecutive years, 2015-2020. Additional information about Macerich can be obtained from the Company's website at www.macerich.com

 

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SOURCE Macerich Company

FAQ

What is the dividend amount paid by Macerich in 2020?

Macerich paid a total dividend of $1.55 per share in 2020.

When were the dividends for 2020 paid out by Macerich?

Dividends were payable on dates ranging from March 3 to December 3, 2020.

What are the tax implications of the dividends paid by Macerich in 2020?

The 2020 dividends are classified as qualified REIT dividends under Internal Revenue Code section 199A.

How does Macerich rank in terms of sustainability?

Macerich has achieved CDP A List status for sustainability for five consecutive years.

What type of dividends did Macerich distribute in 2020?

The dividends included ordinary taxable dividends, capital gain distributions, and nondividend distributions.