Cedar Realty Trust Announces Tax Information for 2024 Distributions

Rhea-AI Summary

Cedar Realty Trust has released the federal income tax treatment details for its 2024 preferred share distributions. For Series B Preferred Stock (CDRpB), quarterly distributions of $0.453125 per share were made on February 20, May 20, August 20, and November 20, 2024, totaling $1.812500 per share annually. For Series C Preferred Stock (CDRpC), quarterly distributions of $0.406250 per share were made on the same dates, totaling $1.625000 per share annually. All distributions for both series were classified as nondividend distributions, with no ordinary or Section 199A dividends.

Positive

• Consistent quarterly dividend payments maintained throughout 2024
• Total annual distribution of $1.812500 per share for Series B preferred stock
• Total annual distribution of $1.625000 per share for Series C preferred stock

Negative

• No ordinary dividend component in distributions, which may affect tax treatment for some investors

VIRGINIA BEACH, VA / ACCESS Newswire / January 21, 2025 / Cedar Realty Trust, Inc. (the "Company") (NYSE:CDRpB)(NYSE:CDRpC) today announced the federal income tax treatment of its 2024 distributions to the holders of its preferred shares.

Series B Preferred Stock					Symbol: CDRpB			CUSIP: 150602407
				Total				Section
				Distribution		Ordinary		199A		Nondividend
Record Date		Payable Date		Per Share		Dividends		Dividends		Distribution
2/9/2024		2/20/2024		$0.453125		$0.000000		$0.000000		$0.453125
5/10/2024		5/20/2024		$0.453125		$0.000000		$0.000000		$0.453125
8/9/2024		8/20/2024		$0.453125		$0.000000		$0.000000		$0.453125
11/8/2024		11/20/2024		$0.453125		$0.000000		$0.000000		$0.453125
Totals				$1.812500		$0.000000		$0.000000		$1.812500
Series C Preferred Stock					Symbol: CDRpC			CUSIP: 150602506
				Total				Section
				Distribution		Ordinary		199A		Nondividend
Record Date		Payable Date		Per Share		Dividends		Dividends		Distribution
2/9/2024		2/20/2024		$0.406250		$0.000000		$0.000000		$0.406250
5/10/2024		5/20/2024		$0.406250		$0.000000		$0.000000		$0.406250
8/9/2024		8/20/2024		$0.406250		$0.000000		$0.000000		$0.406250
11/8/2024		11/20/2024		$0.406250		$0.000000		$0.000000		$0.406250
Totals				$1.625000		$0.000000		$0.000000		$1.625000

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2024 dividends.

About Cedar Realty Trust
Cedar Realty Trust, Inc., a wholly-owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a Maryland corporation (taxed as a real estate investment trust ("REIT")) that focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast. Cedar's portfolio comprises 16 properties, with approximately 2.4 million square feet of gross leasable area.

For additional financial and descriptive information on the Company, its operations, and its portfolio, please refer to the Company's website at www.whlr.us.

Contact Information:
Cedar Realty Trust, Inc.
(757) 627-9088

SOURCE: Cedar Realty Trust, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the total annual distribution for Cedar Realty Trust's Series B Preferred Stock (CDRPB) in 2024?

The total annual distribution for Cedar Realty Trust's Series B Preferred Stock (CDRPB) in 2024 was $1.812500 per share.

How are Cedar Realty Trust's 2024 preferred stock distributions classified for tax purposes?

All 2024 distributions for both Series B and Series C preferred stocks are classified as nondividend distributions, with no ordinary or Section 199A dividend components.

What are the quarterly payment dates for CDRPB distributions in 2024?

CDRPB distributions were paid on February 20, May 20, August 20, and November 20, 2024.

How much is each quarterly distribution for CDRPB in 2024?

Each quarterly distribution for CDRPB in 2024 is $0.453125 per share.