Macerich Announces Tax Treatment Of 2023 Dividends

Rhea-AI Summary

The Macerich Company (MAC) disclosed the tax treatment for dividend distributions taxable in 2023 on its Common Stock. In 2023, Macerich paid dividends of $.68 per share, classified for income tax purposes as Taxable Ordinary Dividends and Section 199A Dividends. The company's Record Date, Payable Date, and Rate per Share for each dividend distribution in 2023 were also provided.

SANTA MONICA, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2023 on its Common Stock.

During the calendar year ended December 31, 2023 Macerich paid dividends of $.68 per share. The 2023 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:

Record Date	Payable Date	Rate per Share		2023 Taxable Ordinary Dividends		2023 Section 199A Dividends*		2023 Total Capital Gain Distribution
2/17/2023	3/3/2023	$0.17		$0.09		$ 0.09		$0.08
5/19/2023	6/2/2023	$0.17		$0.09		$ 0.09		$0.08
8/18/2023	9/8/2023	$0.17		$0.09		$ 0.09		$0.08
11/9/2023	12/1/2023	$0.17		$0.09		$ 0.09		$0.08

* These amounts are included in the 2023 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 46 million square feet of real estate consisting primarily of interests in 43 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 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023). 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

SOURCE: Macerich

INVESTOR CONTACT: Samantha Greening, Director Investor Relations, Samantha.Greening@macerich.com

MEDIA CONTACT: Karen Maurer, AVP Corporate Communications, Karen.Maurer@macerich.com   

 

FAQ

What is the tax treatment for dividend distributions taxable in 2023 announced by The Macerich Company?

The Macerich Company disclosed the tax treatment for dividend distributions taxable in 2023 on its Common Stock.

How much dividends did Macerich pay per share in 2023?

In 2023, Macerich paid dividends of $.68 per share.

How are the 2023 dividends classified for income tax purposes?

The 2023 dividends are classified for income tax purposes as Taxable Ordinary Dividends and Section 199A Dividends.

What are the Record Date and Payable Date for Macerich's dividend distributions in 2023?

The Record Date and Payable Date for each dividend distribution in 2023 were provided as 2/17/2023 and 3/3/2023, 5/19/2023 and 6/2/2023, 8/18/2023 and 9/8/2023, 11/9/2023 and 12/1/2023.

What is the Rate per Share for Macerich's dividend distributions in 2023?

The Rate per Share for each dividend distribution in 2023 was $.17.