Retail Opportunity Investments Corp. Announces Tax Reporting Information for 2020 Distributions

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced the federal tax treatment of its 2020 distributions on common stock. The total distribution per share is reported as $0.2000, qualifying as ordinary income, with none classified as capital gains or return of capital. Stockholders are advised to consult their tax advisors for specific tax treatment. ROIC is a leading REIT focused on grocery-anchored shopping centers on the West Coast, owning 88 centers covering approximately 10.1 million square feet.

Positive

• Total distribution per share is $0.2000, classified as ordinary income.
• ROIC specializes in grocery-anchored shopping centers, with 88 centers owned.

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• None.

SAN DIEGO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced today the federal tax treatment of the 2020 distributions on its shares of common stock. The federal tax treatment of the 2020 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		Return of Capital per Share
3/16/2020	3/30/2020	$0.2000		$0.2000		$0.2000		$0.0000		$0.0000

¹ Represents dividends eligible for the 20% qualified business income deduction under Section 199A and is included in “Ordinary Income 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, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 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.

FAQ

What is the federal tax treatment for ROIC's 2020 distributions?

The federal tax treatment for ROIC's 2020 distributions is reported as $0.2000 per share, classified as ordinary income.

When were the record and payable dates for ROIC's 2020 distributions?

The record date was March 16, 2020, and the payable date was March 30, 2020.

How many shopping centers does ROIC own?

ROIC owns 88 grocery-anchored shopping centers totaling approximately 10.1 million square feet.

What is ROIC's market focus?

ROIC focuses exclusively on grocery-anchored shopping centers in densely-populated metropolitan areas on the West Coast.