SITE Centers Announces Tax Allocations of 2022 Dividend Distributions

Rhea-AI Summary

SITE Centers Corp. (NYSE: SITC) has announced the tax allocations for 2022 distributions on its common and preferred shares. Shareholders should refer to Form 1099-DIV for details on allocations, which must be reported on their 2022 federal income tax returns. Key dates include the common share distribution on January 5, 2022, which is included in the 2022 allocations, while January 6, 2023's distribution will be allocated for 2023. Total distributions for common shares reached $0.510000 per share, while preferred shares totaled $1.593760. For more details, visit SITE Centers' website.

Positive

• Total distributions for common shares amount to $0.510000 per share, supporting shareholder income.
• Preferred shares show solid total distributions of $1.593760, indicating financial stability.

Negative

• None.

BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2022 distributions on its common shares and one series of preferred shares.

For shareholders of SITE Centers Corp. common and preferred 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 in dollars on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.

Please note that the January 5, 2022 common share distribution is included in the tax allocations for 2022 and the January 6, 2023 common share distribution will be included in the tax allocations for 2023.

Common Shares (NYSE: SITC)

Period	CUSIP	Record Date	Payable Date	Ordinary Dividends	Total Capital Gain Distribution	Return of Capital	Total Distributions	Section 199A Dividends	Unrecaptured Sec. 1250 Gain
4Q21	82981J109	12/10/2021	01/05/2022	0.099423	0.007595	0.012982	0.120000	0.099423	0.007595
1Q22	82981J109	03/17/2022	04/07/2022	0.107708	0.008228	0.014064	0.130000	0.107708	0.008228
2Q22	82981J109	06/09/2022	07/06/2022	0.107708	0.008228	0.014064	0.130000	0.107708	0.008228
3Q22	82981J109	09/20/2022	10/07/2022	0.107708	0.008228	0.014064	0.130000	0.107708	0.008228
Total				0.422547	0.032279	0.055174	0.510000	0.422547	0.032279

Preferred Class A Depositary Shares (NYSE: SITC_pa)

Period	CUSIP	Record Date	Payable Date	Ordinary Dividends	Total Capital Gain Distribution	Return of Capital	Total Distributions	Section 199A Dividends	Unrecaptured Sec. 1250 Gain
01/15/22 – 04/14/22	82981J877	03/30/2022	04/15/2022	0.370162	0.028278	0.000000	0.398440	0.370162	0.028278
04/15/22– 07/14/22	82981J877	06/29/2022	07/15/2022	0.370162	0.028278	0.000000	0.398440	0.370162	0.028278
07/15/22 – 10/14/22	82981J877	09/29/2022	10/17/2022	0.370162	0.028278	0.000000	0.398440	0.370162	0.028278
10/15/22 – 01/14/23	82981J877	12/30/2022	01/17/2023	0.370162	0.028278	0.000000	0.398440	0.370162	0.028278
Total				1.480648	0.113112	0.000000	1.593760	1.480648	0.113112

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117006079/en/

Conor Fennerty, EVP and

Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What is the total distribution amount for SITE Centers Corp. common shares in 2022?

The total distribution amount for SITE Centers Corp. common shares in 2022 is $0.510000 per share.

When is the next distribution date for SITE Centers Corp. shareholders?

The next distribution date for SITE Centers Corp. shareholders is January 6, 2023, and it will be included in the tax allocations for 2023.

What are the tax implications for SITE Centers Corp. shareholders regarding the 2022 distributions?

Shareholders must report the allocations indicated on Form 1099-DIV for their 2022 federal income tax returns.

How much did preferred shares distribute in total for SITE Centers Corp. in 2022?

Preferred shares of SITE Centers Corp. distributed a total of $1.593760 in 2022.