Retail Value Inc. Announces Tax Allocations of 2022 Distributions

Rhea-AI Summary

Retail Value Inc. (RVIC) has announced the tax allocations for distributions on its common shares for 2022. Shareholders should refer to Form 1099-DIV, which outlines the distribution allocation necessary for their federal income tax returns. Importantly, the January 18, 2022 distribution is accounted for in 2021's taxes. The company has completed the sale of all its real estate holdings and is winding down operations. The announcement highlights the per-share amounts for ordinary dividends and total distributions, with a key figure being $3.544284 for total distributions. More details can be found on the company's website.

Positive

• Total distributions for 2022 amount to $3.544284 per share.
• Retail Value Inc. has completed the sale of all real estate holdings.

Negative

• Retail Value Inc. is in the process of winding up its business.

BEACHWOOD, Ohio--(BUSINESS WIRE)-- Retail Value Inc. announced the tax allocations of 2022 distributions on its common shares.

For holders of Retail Value Inc. common shares, the Form 1099-DIV summarizes the allocation of 2022 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2022 federal income tax returns. The schedule below, presented on a per share basis, is provided for informational purposes and should only be used to clarify the Form 1099-DIV.

Please note that the January 18, 2022 distribution was included in the tax allocations for 2021.

Common Shares (NYSE: RVI)

CUSIP	Record Date	Ex-Dividend Date	Payable Date	Ordinary Dividends	Total Capital Gain	Return of Capital	Total Distributions	Section 199A Dividends	Foreign Tax Paid
76133Q102	04/25/2022	05/11/2022	05/10/2022	$0.032965	$0.000000	$2.097035	$2.130000	$0.032965	$0.000000
76133Q102	07/12/2022	07/28/2022	07/27/2022	$0.017953	$0.000000	$1.142047	$1.160000	$0.017953	$0.000000
76133Q102	10/11/2022	10/27/2022	10/26/2022	$0.004798	$0.000000	$0.305202	$0.310000	$0.004798	$0.000000
				$0.055716	$0.000000	$3.544284	$3.600000	$0.055716	$0.000000

About RVI

RVI is an independent publicly traded company whose common shares are currently quoted on the OTC Pink Market under the ticker symbol RVIC. The Company has completed the sale of all of its real estate holdings and is in the process of winding up its business. RVI is managed by one or more subsidiaries of SITE Centers Corp. Additional information about RVI is available at www.retailvalueinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117006072/en/

Retail Value Inc.

Christa Vesy, EVP and

Chief Financial Officer

216-755-5500

Source: Retail Value Inc.

FAQ

What is the latest tax allocation announcement by Retail Value Inc. (RVIC)?

Retail Value Inc. announced the tax allocations for 2022 distributions, detailed in Form 1099-DIV.

When should shareholders report the 2022 distributions for Retail Value Inc. (RVIC)?

Shareholders should report the 2022 distributions on their federal income tax returns.

What was the total distribution amount per share for Retail Value Inc. (RVIC) in 2022?

The total distribution amount per share for Retail Value Inc. in 2022 was $3.544284.

Is Retail Value Inc. (RVIC) still operating its real estate business?

No, Retail Value Inc. has completed the sale of all its real estate holdings and is winding up its business.