Tanger Factory Outlet Centers, Inc. 2021 Tax Reporting Information - Distribution (Form 1099)

Rhea-AI Summary

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced that its 2021 dividend distributions will be categorized as a 100% return of capital. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions. Key dividend details include record dates and payable dates for quarterly payments, with total distributions per share amounting to $0.7150. Each dividend for the year will contribute $0.0000 to ordinary income for shareholders, indicating no taxable dividend income reported for 2021.

Positive

• Total distribution per share for 2021 is $0.7150.
• Distributions categorized as 100% return of capital.

Negative

• Shareholders reported $0.0000 in ordinary income from dividends.
• No taxable dividend income for 2021.

GREENSBORO, N.C., Jan. 19, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its 2021 dividend distributions should be treated as follows for income tax purposes.

Common Shares: 100% as return of capital

Detailed information regarding each distribution for 2021 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	1/29/2021	4/30/2021	7/30/2021	10/29/2021
Ex-Dividend Date	1/28/2021	4/29/2021	7/29/2021	10/28/2021
Payable Date	2/12/2021	5/14/2021	8/13/2021	11/15/2021
Total Distribution Per Share	$0.1775	$0.1775	$0.1775	$0.1825	$0.7150
Amount Included In Shareholders' 2021 Income	$0.0000	$0.0000	$0.0000	$0.0000	$0.0000
Box 1a Total Ordinary Dividends	$0.0000	$0.0000	$0.0000	$0.0000	$0.0000	0%
Box 3 Non Dividend Distributions	$0.1775	$0.1775	$0.1775	$0.1825	$0.7150	100%
Box 5 Section 199A Dividends	$0.0000	$0.0000	$0.0000	$0.0000	$0.0000

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 36 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 13.6 million square feet, leased to over 2,500 stores operated by more than 500 different brand name companies. The Company has more than 41 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
	SVP, Capital Markets
	336-834-6892
	cyndi.holt@tangeroutlets.com

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SOURCE Tanger Factory Outlet Centers, Inc.

FAQ

What is the 2021 dividend distribution for SKT?

The total dividend distribution per share for SKT in 2021 is $0.7150, categorized as a 100% return of capital.

How does the return of capital affect my taxes for SKT dividends?

For 2021, SKT shareholders reported $0.0000 in ordinary income from dividends, indicating no taxable income.

When were the SKT dividend record and payable dates in 2021?

Record dates for SKT dividends were on 1/29, 4/30, 7/30, and 10/29, with corresponding payable dates on 2/12, 5/14, 8/13, and 11/15.