SITE Centers Corp. Announces Tax Allocations of 2020 Dividend Distributions

SITE Centers (NYSE: SITC) announced the tax allocations for 2020 distributions on common and preferred shares.

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01/19/2021 - 04:05 PM EST

SITE Centers (NYSE: SITC) today announced the tax allocations of 2020 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 2020 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2020 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, 2020 common share distribution is included in the tax allocations for 2020 and the January 7, 2021 common share distribution will be included in the tax allocations for 2021.

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
4Q19	82981J109	12/13/2019	01/07/2020	0.115023	0.000000	0.084977	0.200000	0.115023	0.000000
1Q20	82981J109	03/10/2020	04/02/2020	0.115023	0.000000	0.084977	0.200000	0.115023	0.000000
Total				0.230046	0.000000	0.169954	0.400000	0.230046	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
01/15/20 – 04/14/20	82981J877	03/30/2020	04/15/2020	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
04/15/20– 07/14/20	82981J877	06/29/2020	07/15/2020	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
07/15/20 – 10/14/20	82981J877	09/29/2020	10/15/2020	0.398440	0.000000	0.000000	0.398440	0.398440	0.000000
10/15/20 – 01/14/21	82981J877	12/28/2020	01/15/2021	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
01/15/20 – 04/14/20	82981J802	03/30/2020	04/15/2020	0.390630	0.000000	0.000000	0.390630	0.390630	0.000000
04/15/20 – 07/14/20	82981J802	06/29/2020	07/15/2020	0.390630	0.000000	0.000000	0.390630	0.390630	0.000000
07/15/20 – 10/14/20	82981J802	09/29/2020	10/15/2020	0.390630	0.000000	0.000000	0.390630	0.390630	0.000000
10/15/20 – 01/14/21	82981J802	12/28/2020	01/15/2021	0.390630	0.000000	0.000000	0.390630	0.390630	0.000000
Total				1.562520	0.000000	0.000000	1.562520	1.562520	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.