MACERICH ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

Rhea-AI Summary

The Macerich Company (NYSE: MAC) announced the tax treatment for its 2021 dividend distributions, amounting to $0.60 per share. Key distribution details include:

• February 19, 2021; Payable on March 3, 2021; Rate: $0.150
• May 7, 2021; Payable on June 3, 2021; Rate: $0.150
• August 19, 2021; Payable on September 8, 2021; Rate: $0.150
• November 9, 2021; Payable on December 3, 2021; Rate: $0.150

These dividends are categorized as qualified REIT dividends under Internal Revenue Code section 199A.

Positive

• Declared a total of $0.60 in dividends for 2021.
• Dividends classified as 'qualified REIT dividends' which may benefit investors.

Negative

• None.

SANTA MONICA, Calif., Jan. 18, 2022 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2021 on its Common Stock.

During the calendar year ended December 31, 2021 Macerich paid dividends of $0.60 per share.  The 2021 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:

Record Date	Payable Date	Rate per Share	2021 Taxable Ordinary Dividends	2021 Total Capital Gain Distribution	2021 Nondividend Distribution
2/19/2021	3/3/2021	$0.150	$0.009	$0.037	$0.104
5/7/2021	6/3/2021	$0.150	$0.009	$0.037	$0.104
8/19/2021	9/8/2021	$0.150	$0.009	$0.037	$0.104
11/9/2021	12/3/2021	$0.150	$0.009	$0.037	$0.104

The 2021 Taxable Ordinary Dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code section 199A.

About Macerich: 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 town centers throughout the United States.

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 and the Metro New York to Washington, DC corridor.  A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for seven straight years (2015 – 2021). 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 for Macerich in 2021?

Macerich paid a total of $0.60 per share in dividends for 2021.

When is the dividend payable for Macerich's 2021 payments?

Dividends were payable on March 3, June 3, September 8, and December 3, 2021.

How are Macerich's dividends classified for tax purposes?

The dividends are classified as 'qualified REIT dividends' for tax purposes under Internal Revenue Code section 199A.

What dates were key dividends distributed by Macerich in 2021?

Key distribution dates were February 19, May 7, August 19, and November 9, 2021.