RPT Realty Announces Tax Reporting Information for its 2022 Dividend Distributions
RPT Realty (NYSE:RPT) has disclosed tax reporting information concerning its 2022 dividend distributions for common and preferred shares. The common shares distributed on January 3, 2022, are included in 2022 tax allocations, while those on January 3, 2023, will be accounted for in 2023. For common shares, total gross distributions amount to $0.510000 per share, with $0.429102 classified as total ordinary dividends. Preferred shares show a total gross distribution of $3.625000 per share, with $3.142304 as total ordinary dividends. This update aids shareholders in preparing their 2022 federal income tax returns.
- RPT Realty's commitment to dividend payments, reflecting financial stability.
- Total gross distribution for 2022 common shares is $0.510000, providing income for shareholders.
- Preferred shares yielded a significant total gross distribution of $3.625000.
- None.
NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today tax reporting information for the 2022 dividend distributions on its common and preferred shares.
The January 3, 2022 common and preferred share distributions are included in the tax allocations for 2022. The January 3, 2023 common and preferred share distributions will be included in the tax allocations for 2023.
The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:
Common Shares (NYSE: RPT); CUSIP #’s 74971D 101, 751452103 and 751452202
| Declaration Date | Record Date | Payable Date | Gross Distribution per share | Total Ordinary Dividend | Qualified Dividend1 | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain2 | Return of Capital3 | Section 199A Dividend4 | |||||||||||
| 10/27/2021 | 12/20/2021 | 1/3/2022 | ||||||||||||||||||
| 2/10/2022 | 3/18/2022 | 4/1/2022 | ||||||||||||||||||
| 4/29/2022 | 6/17/2022 | 7/1/2022 | ||||||||||||||||||
| 7/28/2022 | 9/20/2022 | 10/3/2022 | ||||||||||||||||||
| Total | $0.510000 | $0.429102 | $0.019902 | $0.065916 | $0.065916 | $0.014982 | $0.409200 | |||||||||||||
Preferred Shares (NYSE: RPT.PD); CUSIP #’s 74971D 200 and 751452608
| Declaration Date | Record Date | Payable Date | Gross Distribution per share | Total Ordinary Dividend | Qualified Dividend1 | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain2 | Return of Capital3 | Section 199A Dividend4 | |||||||||||
| 10/27/2021 | 12/20/2021 | 1/3/2022 | ||||||||||||||||||
| 2/10/2022 | 3/18/2022 | 4/1/2022 | ||||||||||||||||||
| 4/29/2022 | 6/17/2022 | 7/1/2022 | ||||||||||||||||||
| 7/28/2022 | 9/20/2022 | 10/3/2022 | ||||||||||||||||||
| Total | $3.625000 | $3.142304 | $0.145748 | $0.482696 | $0.482696 | $0.000000 | $2.996556 | |||||||||||||
| (1) | Included in Total Ordinary Dividend. |
| (2) | Included in Total Capital Gain Distribution. |
| (3) | Represents a return of stockholders’ original investment. |
| (4) | Represents qualified REIT dividends that may be eligible for the |
This information is provided for informational purposes only and should only be used to clarify the Form 1099-DIV. The amounts indicated on the Form 1099-DIV should be reported on the shareholders' 2022 federal income tax returns. Investors are advised to consult a legal or tax professional about the specific tax treatment of the Company's 2022 distributions.
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 RPT Realty
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value
Company Contact:
Vin Chao, Managing Director - Finance & Investments
19 W 44th St. 10th Floor, Ste 1002
New York, New York 10036
vchao@rptrealty.com
(212) 221-1752
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our expectations, plans or beliefs concerning future events and may be identified by terminology such as “may,” “will,” “should,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” “predict” or similar terms. Although the forward-looking statements made in this document are based on our good faith beliefs, reasonable assumptions and our best judgment based upon current information, certain factors could cause actual results to differ materially from those in the forward-looking statements. Many of the factors that will determine the outcome of forward-looking statements are beyond our ability to predict or control. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: our success or failure in implementing our business strategy; economic conditions generally and in the commercial real estate and finance markets, including, without limitation, as a result of continued high inflation rates or further increases in inflation or interest rates; the cost and availability of capital, which depends in part on our asset quality and our relationships with lenders and other capital providers; changes in interest rates and/or other changes in the interest rate environment; the discontinuance of LIBOR; the Company's ability to consummate the acquisitions described herein on the anticipated timeline and terms, or at all; risks associated with bankruptcies or insolvencies or general downturn in the businesses of tenants; the ongoing impact of the novel coronavirus (“COVID-19”), or the impact of any future pandemic, epidemic or outbreak of any other highly infectious disease, on the U.S., regional and global economies and on the Company’s business, financial condition and results of operations and that of its tenants; the potential adverse impact from tenant defaults generally or from the unpredictability of the business plans and financial condition of the Company's tenants; the execution of rent deferral or concession agreements on the agreed-upon terms; our business prospects and outlook; changes in governmental regulations, tax rates and similar matters; our continuing to qualify as a REIT; and other factors detailed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including in particular those set forth under “Risk Factors” in our latest annual report on Form 10-K and quarterly report on Form 10-Q. Given these uncertainties, you should not place undue reliance on any forward-looking statements. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.
FAQ
What is the dividend distribution amount for RPT Realty common shares in 2022?
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What are the total ordinary dividends for RPT Realty in 2022?
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