The Macerich Company announces tax treatment for dividend distributions taxable in 2016

SANTA MONICA, Calif., 2017-Jan-11 — /EPR Retail News/ — The Macerich Company (NYSE: MAC) today (Jan. 9, 2017) announced the tax treatment for dividend distributions taxable in 2016 on its Common Stock.

During the calendar year ended December 31, 2016 Macerich paid dividends of $4.75 including a $2.00 special dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016. Pursuant to relevant U.S. tax rules, as shown in the table below, a portion of this dividend in the amount of $0.21 was treated as having been paid by Macerich on December 31, 2015 and received by each shareholder of record as of November 12, 2015 on December 31, 2015.

Macerich hereby designates $3.60 of its 2016 dividends as “capital gain dividends”.

The 2016 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:

Record Date Payable Date Total Distribution per Share Portion of 2016 Dividend Attributable to 2015 2016 Taxable Ordinary Dividends 2016 Total Capital Gain Distribution
11/12/2015 01/06/2016 $2.00 $0.21 $0.37 $1.42
02/19/2016 03/04/2016 $0.68 $0.00 $0.14 $0.54
05/05/2016 06/03/2016 $0.68 $0.00 $0.14 $0.54
08/19/2016 09/08/2016 $0.68 $0.00 $0.14 $0.54
11/11/2016 12/02/2016 $0.71 $0.00 $0.15 $0.56

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 56 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

Contact:
Jean Wood
Vice President
Investor Relations
424-229-3366

John Perry
Senior Vice President
Investor Relations
424-229-3345

Thomas O’Hern
Senior Executive Vice President and Chief Financial Officer
(310) 394-6000

SOURCE: Macerich