Retail Properties of America, Inc. Announces Tax Allocations of 2020 Dividend Distributions

Rhea-AI Summary

Retail Properties of America (RPAI) has announced the tax allocations for its 2020 dividend distributions on Class A Common Stock. Shareholders will receive a total of $0.441250 per share, which includes ordinary dividends and distributions eligible for the Section 199A deduction. The payment dates for these dividends range from January to October 2020, with specific record dates provided. Investors should consult a tax professional regarding the implications for their federal income tax returns. This disclosure is based on preliminary results and may be subject to adjustments.

Positive

• Total distribution of $0.441250 per share for 2020.
• Dividends include amounts eligible for Section 199A deduction.

Negative

• None.

OAK BROOK, Ill., Jan. 20, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced tax allocations of 2020 dividend distributions on its shares of Class A Common Stock. 

For shareholders of RPAI Class A Common Stock, the Form 1099-DIV summarizes the allocation of the cash dividends taxable for 2020. The amounts indicated on the Form 1099-DIV should be reported on the shareholders' 2020 federal income tax returns. The schedule below, presented on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.

Investors are advised to consult a legal or tax professional about the specific tax treatment of the Company's 2020 distributions. 

Class A Common Stock (NYSE: RPAI)                                                                                            CUSIP 76131V202
			2020 Tax information
Record Date	Payment Date	Total Distribution Per Share	2020 Taxable Distribution	Ordinary Dividends	Non-Dividend Distribution	Section 199A Dividends1
12/26/2019	1/10/2020	$0.165625	$0.165625	$0.165625	$0.000000	$0.165625
3/26/2020	4/9/2020	$0.165625	$0.165625	$0.165625	$0.000000	$0.165625
9/25/2020	10/9/2020	$0.050000	$0.050000	$0.050000	$0.000000	$0.050000
12/23/2020	1/8/2021	$0.060000	$0.060000	$0.060000	$0.000000	$0.060000
	Total	$0.441250	$0.441250	$0.441250	$0.000000	$0.441250

1 Represents REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code of 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends".

This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's distributions.

About RPAI
Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.

Contact Information
Michael Gaiden
Vice President – Capital Markets and Investor Relations
Retail Properties of America, Inc.       
(630) 634-4233

 

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SOURCE Retail Properties of America, Inc.

FAQ

What are the 2020 tax allocations for RPAI dividends?

RPAI's total distribution for 2020 is $0.441250 per share, including ordinary dividends.

What is the payment date for RPAI's 2020 dividends?

The payment dates for RPAI's dividends occurred between January and October 2020.

How should I report RPAI dividends on my tax return?

Shareholders should report the amounts indicated on Form 1099-DIV on their 2020 federal income tax returns.

Are RPAI dividends eligible for any tax deductions?

Yes, some RPAI dividends may be eligible for the 20% deduction under Section 199A.

Who should I consult regarding RPAI's dividend tax implications?

It is advised to consult a legal or tax professional for specifics on the tax treatment of RPAI's 2020 distributions.