SITE Centers Corp. Announces Tax Allocations of 2021 Dividend Distributions

Rhea-AI Summary

SITE Centers (NYSE: SITC) has announced the tax allocations of its 2021 distributions for common and preferred shares. Shareholders are advised to refer to Form 1099-DIV for accurate reporting on their federal income tax returns. Notably, the common share distributions included amounts from early January 2021 and will impact the 2021 tax assessments. Dividends paid per common share totaled $0.4000, while Preferred Class A and K Depositary Shares saw total dividends of $1.59376 and $0.36020, respectively.

Positive

• Total common share dividends of $0.4000 for 2021, providing returns to shareholders.
• Preferred Class A Depositary Shares accumulated dividends of $1.59376, indicating strong shareholder income.

Negative

• None.

BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers (NYSE: SITC), an owner of open-air shopping centers located in suburban, high household income communities, announced the tax allocations of 2021 distributions on its common shares and two series of preferred shares.

For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2021 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2021 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.

Please note that the January 7, 2021 common share distribution is included in the tax allocations for 2021 and the January 5, 2022 common share distribution will be included in the tax allocations for 2022.

Common Shares (NYSE:SITC)

Period	CUSIP	Record Date	Payable Date	Ordinary Dividends	Total Capital Gain	Return of Capital (1)	Total Distributions	Section 199A Dividends	Unrecaptured Sec. 1250 Gain
4Q20	82981J109	12/11/2020	01/07/2021	0.050000	0.000000	0.000000	0.050000	0.050000	0.000000
1Q21	82981J109	03/18/2021	04/06/2021	0.110000	0.000000	0.000000	0.110000	0.110000	0.000000
2Q21	82981J109	06/10/2021	07/02/2021	0.120000	0.000000	0.000000	0.120000	0.120000	0.000000
3Q21	82981J109	09/24/2021	10/08/2021	0.120000	0.000000	0.000000	0.120000	0.120000	0.000000
Total				0.400000	0.000000	0.000000	0.400000	0.400000	0.000000

Preferred Class A Depositary Shares (NYSE:SITC_pa)

Period	CUSIP	Record Date	Payable Date	Ordinary Dividends	Total Capital Gain	Return of Capital (1)	Total Dividends	Section 199A Dividends	Unrecaptured Sec. 1250 Gain
01/15/21 – 04/14/21	82981J877	03/30/2021	04/15/2021	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
04/15/21– 07/14/21	82981J877	06/29/2021	07/15/2021	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
07/15/20 – 10/14/20	82981J877	09/29/2021	10/15/2021	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
10/15/20 – 01/14/21	82981J877	12/30/2021	01/17/2022	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
Total				1.593760	0.000000	0.000000	1.593760	1.593760	0.000000

Preferred Class K Depositary Shares (NYSE:SITC_pk)

Period	CUSIP	Record Date	Payable Date	Ordinary Dividends	Total Capital Gain	Return of Capital (1)	Total Dividends	Section 199A Dividends	Unrecaptured Sec. 1250 Gain
01/15/21 – 04/07/21	82981J802	04/07/2021	04/07/2021	0.360200	0.000000	0.000000	0.360200	0.360200	0.000000
Total				0.360200	0.000000	0.000000	0.360200	0.360200	0.000000
(1) Represents a return of stockholders’ original investment

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/20220119006037/en/

Conor Fennerty, EVP and Chief Financial Officer

216-755-5500

Source: SITE Centers Corp.

FAQ

What are the tax allocations for SITE Centers (SITC) 2021 distributions?

The tax allocations include a total dividend of $0.4000 per common share, with Preferred Class A and K Depositary Shares having total dividends of $1.59376 and $0.36020, respectively.

How do I report SITE Centers (SITC) distributions on tax returns?

Shareholders should refer to Form 1099-DIV for accurate reporting of their 2021 distributions on federal income tax returns.

What were the payment dates for SITE Centers (SITC) common share dividends?

The payment dates for the common share dividends varied, with the first payment on January 7, 2021, for distributions recorded in 2020.

What is the total dividend amount for SITE Centers (SITC) Preferred Class A Shares?

The total dividend amount for Preferred Class A Depositary Shares is $1.59376.

When is the next dividend payment for SITE Centers (SITC)?

Dividends related to the January 5, 2022, distribution will be included in the tax allocations for 2022.