Tanger Factory Outlet Centers, Inc. 2020 Tax Reporting Information - Distribution (Form 1099)

Rhea-AI Summary

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that its 2020 dividend distributions will be treated as 100% ordinary income for tax purposes. Shareholders received a total of $0.7125 per share in dividends for the year. The distributions were paid for two record dates: January 31 and April 30, 2020, with corresponding ex-dividend dates of January 30 and April 29, 2020. The company advises shareholders to consult their tax advisors regarding specific tax treatments of these distributions.

Positive

• Total dividend distribution per share of $0.7125 reflects strong shareholder value.
• 100% of the distribution classified as ordinary income, potentially beneficial for tax purposes.

Negative

• None.

GREENSBORO, N.C., Jan. 22, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its 2020 dividend distributions should be treated as follows for income tax purposes.

Common Shares: 100% as ordinary income

Detailed information regarding each distribution for 2020 is below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividend distributions.

Tanger Factory Outlet Centers, Inc. - Common Stock (Symbol SKT) (CUSIP No. 875465106)

				Totals	% of Annual Total
Record Date	1/31/2020	4/30/2020
Ex-Dividend Date	1/30/2020	4/29/2020
Payable Date	2/14/2020	5/15/2020
Total Distribution Per Share	0.355000	0.357500		0.712500
Amount Included In Shareholders' 2020 Income	0.355000	0.357500		0.712500
Box 1a Total Ordinary Dividends	0.355000	0.357500		0.712500	100.00%
Box 3 Non Dividend Distributions	0.000000	0.000000		0.000000	0.00%
Box 5 Section 199A Dividends	0.355000	0.357500		0.712500

 

About Tanger Factory Outlet Centers, Inc.

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of upscale open-air outlet centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 40 years of experience in the outlet industry and is a publicly-traded REIT. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the Company's website at www.tangeroutlets.com.  

Contact:	Cyndi Holt
	VP, Investor Relations
	336-834-6892
	cyndi.holt@tangeroutlets.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/tanger-factory-outlet-centers-inc-2020-tax-reporting-information--distribution-form-1099-301213424.html

SOURCE Tanger Factory Outlet Centers, Inc.

FAQ

What is the tax treatment of Tanger Factory Outlet Centers 2020 dividends?

Tanger Factory Outlet Centers' 2020 dividends will be treated as 100% ordinary income for tax purposes.

What were the total dividends paid per share by SKT in 2020?

The total dividends paid per share by Tanger Factory Outlet Centers (SKT) in 2020 were $0.7125.

When were the dividend payments made for SKT in 2020?

Dividend payments for SKT in 2020 were made on February 14 and May 15.

What are the record dates for SKT's 2020 dividends?

The record dates for SKT's 2020 dividends were January 31 and April 30.