Regency Centers Announces Tax Information for 2020 Distributions

Rhea-AI Summary

Regency Centers Corporation (NASDAQ: REG) announced the federal income tax treatment for 2020 distributions. Shareholders will receive a total distribution of $2.3800 per share, with $2.1900 classified as ordinary dividends. Notably, a dividend of $0.5950 per share was declared for record holders on December 16, 2020, and paid on January 5, 2021, with $0.4050 attributed to 2020 for tax purposes. The company advises shareholders to consult tax advisors regarding their specific tax treatment of distributions.

Positive

• Declared a total distribution of $2.3800 per share for 2020.
• $2.1900 classified as ordinary dividends benefits shareholders.

Negative

• Future taxability of distributions remains uncertain.

JACKSONVILLE, Fla., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Regency Centers Corporation (The “Company”) (NASDAQ:REG) today announced the federal income tax treatment of its 2020 distributions to holders of its common stock.

Regency Centers Corporation Common Stock: Symbol REG CUSIP #: 758849103

Record Date	Payable Date	Total Distribution Per Share		Distribution Allocated to 2020		Ordinary Dividends		Total Capital Gain Distr.		Unrecapt Section 1250 Gain(1)		Nontaxable Distributions		Section 199A Dividends(2)
2/24/2020	3/5/2020	$0.5950		$0.5950		$0.5950		$0.0000		$0.0000		$0.0000		$0.5950
5/18/2020	5/26/2020	$0.5950		$0.5950		$0.5950		$0.0000		$0.0000		$0.0000		$0.5950
8/14/2020	8/24/2020	$0.5950		$0.5950		$0.5950		$0.0000		$0.0000		$0.0000		$0.5950
12/16/2020	1/5/2021	$0.5950		$0.4050		$0.4050		$0.0000		$0.0000		$0.0000		$0.4050
TOTALS		$2.3800		$2.1900		$2.1900		$0.0000		$0.0000		$0.0000		$2.1900

	(1)	This is the amount included in the Total Capital Gain Distribution that is Unrecaptured Section 1250 gain.
	(2)	This amount represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in Ordinary Dividends.

Please note, of the $0.5950 per share dividend declared for holders of record on December 16, 2020 and paid on January 5, 2021, $0.4050 is reported for income tax purposes in 2020 with the remaining $0.1900 to be reported in 2021.

This information is being provided to assist shareholders with tax reporting related to distributions made by the Company. Taxability of 2020 distributions is not necessarily indicative of taxability of future distributions. The tax information provided herein should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions.

About Regency Centers Corporation (NASDAQ: REG)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

Christy McElroy
904 598 7616
ChristyMcElroy@regencycenters.com

FAQ

What is the total distribution per share for Regency Centers in 2020?

The total distribution per share for Regency Centers in 2020 is $2.3800.

How much of the dividend declared on December 16, 2020, is tax reportable for 2020?

Of the $0.5950 dividend declared, $0.4050 is reportable for 2020.

What are the implications of the 2020 distributions for Regency Centers shareholders?

Shareholders must consult their tax advisors for specific tax treatment, as the taxability of future distributions is uncertain.