Retail Opportunity Investments Corp. Announces Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced the federal tax treatment of its 2021 distributions on common stock. The notable figures include a total distribution of $0.1100 per share and ordinary income of $0.09492 per share for several payment dates. The distributions are eligible for the 20% deduction under Section 199A. Stockholders are advised to consult tax advisors for personal tax implications. ROIC is a self-managed REIT focused on grocery-anchored shopping centers, owning 86 centers across 9.8 million square feet as of September 30, 2021.

Positive

• ROIC's distributions per share include amounts eligible for a 20% deduction under Section 199A.
• ROIC owns 86 grocery-anchored shopping centers across 9.8 million square feet.

Negative

• None.

SAN DIEGO, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC), announced today the federal tax treatment of the 2021 distributions on its shares of common stock. The federal tax treatment of the 2021 distributions as it is expected to be reported on Form 1099-DIV is as follows:

Record Date	Payable Date	Total Distribution per Share		Ordinary Income per Share		Section 199A Dividends1		Total Capital Gain per Share		Section 1250 Recapture per Share2
03/26/2021	04/09/2021	$	0.1100	$	0.09492	$	0.09492	$	0.01508	$	0.00436
06/18/2021	07/09/2021	$	0.1100	$	0.09492	$	0.09492	$	0.01508	$	0.00436
09/17/2021	10/08/2021	$	0.1100	$	0.09492	$	0.09492	$	0.01508	$	0.00436
12/17/2021	01/07/2022	$	0.1100	$	0.09492	$	0.09492	$	0.01508	$	0.00436
12/23/2021	01/14/2022	$	0.0700	$	0.06040	$	0.06040	$	0.00960	$	0.00278

¹ Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income Per Share”
² Represents additional characterization of, and is included in, “Total Capital Gain per Share”

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of ROIC’s distributions.

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of September 30, 2021, ROIC owned 86 shopping centers encompassing approximately 9.8 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, Standard & Poor’s, and Fitch Ratings, Inc. Additional information is available at: www.roireit.net.

When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," “guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.

Contact:
Ashley Rubino, Investor Relations
858-677-0900
arubino@roireit.net

FAQ

What is the federal tax treatment of Retail Opportunity Investments Corp.'s 2021 distributions?

The 2021 distributions include a total distribution of $0.1100 per share and ordinary income of $0.09492 per share, with certain amounts eligible for the 20% deduction under Section 199A.

When were Retail Opportunity Investments Corp.'s distributions paid?

Distributions were made on various dates including April 9, July 9, October 8, January 7, and January 14 of 2022.

How many shopping centers does Retail Opportunity Investments Corp. own?

As of September 30, 2021, ROIC owned 86 grocery-anchored shopping centers.

What is the significance of Section 199A for Retail Opportunity Investments Corp. shareholders?

Dividends eligible for Section 199A allow shareholders to claim a 20% qualified business income deduction on ordinary income received from the distributions.