CBL & Associates Properties, Inc. Announces Tax Reporting Information for 2001 Common and Preferred Share Distributions.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Jan. 14, 2002 CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange : CBL) today announced the tax reporting information (Federal 1099) for the year 2001 distributions on its common shares and its Series A Preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . The income tax treatment for the 2001 distributions for CBL & Associates Properties, Inc., Common Stock CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 124830-10-0 traded on the NYSE under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CBL" is as follows:
Declaration Record Payable
Dates Dates Dates
------------- -------- ---------
03-06-01 03-30-01 04-17-01
06-08-01 06-29-01 07-17-01
09-14-01 09-28-01 10-16-01
12-14-01 12-28-01 01-15-02
Distribution Type
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Distributions Ordinary Return Long-Term Long-Term
Per Share Taxable of Capital Capital
Dividend Capital Gain (25%) Gain (20%)
------------- -------- --------- ---------- ----------
$ 0.5325 $ 0.5092 $ 0.0000 $ 0.0226 $ 0.0007
$ 0.5325 $ 0.5092 $ 0.0000 $ 0.0226 $ 0.0007
$ 0.5325 $ 0.5092 $ 0.0000 $ 0.0226 $ 0.0007
$ 0.5325 $ 0.5092 $ 0.0000 $ 0.0226 $ 0.0007
--------- -------- --------- ---------- ----------
TOTALS $ 2.1300 $ 2.0368 $ 0.0000 $ 0.0904 $ 0.0028
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PERCENT 100.00% 95.63% 0.00% 4.24% 0.13%
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Each common distribution includes an Alternative Minimum Tax ("AMT See vPro. ") adjustment of 3.269% to increase each dividend recipient's Alternative Minimum Taxable Income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. ("AMTI AMTI Applied Marine Technology Inc AMTI Advanced Mechanical Technology Inc (Watertown, MA) AMTI Applied Marine Technology, Inc. AMTI Advanced Medical Technology Institute AMTI Automatic Moving Target Indicator "). The income tax treatment for the 2001 distributions for CBL & Associates Properties, Inc., Series A Preferred Stock CUSIP No. 124830-20-9 on the NYSE traded under ticker symbol "CBL-A" is as follows:
Declaration Record Payable
Dates Dates Dates
------------- -------- ---------
03-02-01 03-16-01 03-30-01
06-01-01 06-15-01 06-29-01
09-04-01 09-14-01 09-28-01
12-03-01 12-14-01 12-28-01
Distribution Type
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Distributions Ordinary Long-Term Long-Term
Per Share Taxable Capital Capital
Dividend Gain (25%) Gain (20%)
------------- -------- ----------- ----------
$ 0.5625 $ 0.5378 $ 0.0239 $ 0.0008
$ 0.5625 $ 0.5378 $ 0.0239 $ 0.0008
$ 0.5625 $ 0.5378 $ 0.0239 $ 0.0008
$ 0.5625 $ 0.5378 $ 0.0239 $ 0.0008
------------- -------- ----------- ----------
TOTALS $ 2.2500 $ 2.1512 $ 0.0956 $ 0.0032
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PERCENT 100.00% 95.63% 4.24% 0.13%
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The Company did not incur any foreign taxes. This information represents Final Income Allocations. CBL & Associates Properties, Inc. is the third largest mall real estate investment trust in terms of GLA owned in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the largest owner of malls and shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in the Southeast. CBL owns regional malls and community shopping centers, primarily in the Southeast and select markets in the Northeast and Midwest. With a total of 52 enclosed malls, the Company has a portfolio of 157 properties in 25 states totaling 56 million square feet, including 2.2 million square feet of non-owned shopping centers managed for third parties. The Company has under construction and redevelopment five new projects totaling approximately 900,000 square feet, including one mall, one mall expansion and two community center expansions. In addition to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham), MA. The Company can be found on the Internet at www.cblproperties.com. Information included herein contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties. |
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