Macerich Announces Tax Treatment Of 2022 Dividends

Rhea-AI Summary

The Macerich Company (NYSE: MAC) announced tax classifications for its 2022 dividend distributions totaling $.62 per share. Key tax treatment details for each distribution include:

• February 18, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
• May 20, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
• August 19, 2022: $0.15, $0.12 ordinary, $0.07 Section 199A, $0.05 Qualified, $0.01 Capital Gain, $0.02 Nondividend.
• November 9, 2022: $0.17, $0.13 ordinary, $0.07 Section 199A, $0.06 Qualified, $0.02 Capital Gain, $0.02 Nondividend.

The classification aids shareholders in accurate tax reporting for their dividends.

SANTA MONICA, Calif., Jan. 25, 2023 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2022 on its Common Stock.

During the calendar year ended December 31, 2022 Macerich paid dividends of $.62 per share. The 2022 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:

Record Date	Payable Date	Rate per Share	2022 Taxable Ordinary Dividends	2022 Section 199A Dividends*	2022 Qualified Dividends*	2022 Total Capital Gain Distribution	2022 Nondividend Distribution
2/18/2022	3/3/2022	$0.15	$0.12	$0.07	$0.05	$0.01	$0.02
5/20/2022	6/3/2022	$0.15	$0.12	$0.07	$0.05	$0.01	$0.02
8/19/2022	9/8/2022	$0.15	$0.12	$0.07	$0.05	$0.01	$0.02
11/9/2022	12/2/2022	$0.17	$0.13	$0.07	$0.06	$0.02	$0.02

* These amounts are included in the 2022 Taxable Ordinary Dividends column.

About Macerich
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for the North American retail sector for eight years (2015-2022). For more information, please visit www.Macerich.com.

Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.

MAC-I

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SOURCE Macerich

FAQ

What is the total dividend amount paid by Macerich in 2022?

Macerich paid a total of $.62 per share in dividends for the year 2022.

When was the dividend payable date for the dividends paid on May 20, 2022?

The dividends paid on May 20, 2022, were payable on June 3, 2022.

What were the ordinary dividends classified for February 18, 2022?

The ordinary dividends classified for February 18, 2022, were $0.12 per share.

How is the dividend income from Macerich taxed?

Dividends from Macerich are classified for tax purposes into categories, including ordinary dividends, qualified dividends, and Section 199A dividends.

What is the record date for the November 9, 2022 dividend?

The record date for the dividend declared on November 9, 2022, was November 9, 2022.