Press Release

Ramco-Gershenson Properties Trust Announces 2017 Year End Tax Reporting Information

Company Release - 1/26/2018 9:00 AM ET

FARMINGTON HILLS, Mich., Jan. 26, 2018 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:RPT) (the “Company”) announced today that 2017 distributions on the Company’s common shares of beneficial interest represent 95.2223% total ordinary dividends and 4.7777% capital gain dividends.  The distributions on the common shares for 2017 were based upon a quarterly rate of $0.2200 per share, resulting in an annual distribution of $0.8800 per share. The fourth quarter distribution for 2016 which was paid on January 3, 2017 was treated as paid in two tax years for income tax purposes, $0.159818 was treated as paid on and reported to shareholders on December 31, 2016 and $0.060182 was treated as paid on and reported to shareholders on January 3, 2017. The fourth quarter distribution for 2017, which was paid on January 2, 2018 has been treated as paid on January 2, 2018 for income tax purposes.

Ramco-Gershenson also announced that 2017 distributions on the Company’s 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 95.2223% total ordinary dividends and 4.7777% capital gain dividends. The distributions on the Series D preferred shares for 2017 were based upon quarterly distributions of $0.90625 per share, resulting in an annual distribution of $3.625 per share. The fourth quarter distribution for 2016, which was paid on January 3, 2017 was treated as paid on December 31, 2016 for income tax purposes. The fourth quarter distribution for 2017, which was paid on January 2, 2018 has been treated as paid in two tax years for income tax purposes, $0.14333 has been treated as paid on December 31, 2017 and $0.76292 has been treated as paid on January 2, 2018.
                                                                               
REPORTING INFORMATION (FORM 1099) – DISTRIBUTIONS

The income tax treatment for 2017 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP No. 751452202*, traded on the New York Stock Exchange under ticker symbol RPT, is as follows (as reported on Form 1099-DIV):

*Also applies to CUSIP #751452103

 Declaration
Date
Record
Date
Payable
Date
Gross 
Distribution
per Share
  Total
Ordinary 
Dividend
- Box 1a
 Qualified
Dividends -
Box 1b 
(Included in
Total
Ordinary
Dividend)
 Total
Capital
Gain
Distribution
- Box 2a
 Unrecaptured
Section 1250 
Gain - Box 2b
(Included in
Total Capital
Gain
Distribution)
Non-
dividend
Distributions
- Box 3
12/05/2016
3/07/2017
 12/20/2016 
3/20/2017
1/3/2017
4/3/2017
$0.060182
$0.220000
$0.057307
$0.209489
$0.000000
$0.000000
$0.002875
$0.010511
$0.002875
$0.010511
$0.000000
$0.000000
5/17/20176/20/20177/3/2017$0.220000 $0.209489$0.000000 $0.010511$0.010511$0.000000
8/29/20179/20/2017 10/2/2017 $0.220000 $0.209489 $0.000000 $0.010511 $0.010511 $0.000000
        $0.000000
  Total$0.720182 $0.685774 $0.000000 $0.034408 $0.034408 $0.000000

The income tax treatment for 2017 distributions for Ramco-Gershenson Properties Trust 7.25% Series D preferred shares of beneficial interest, CUSIP No. 751452608, traded on the New York Stock Exchange under ticker symbol RPT.PD, is as follows (as reported on Form 1099-DIV):

 Declaration
Date
Record
Date
Payable
Date
Gross
Distribution
per Share
 Total
Ordinary
Dividend
- Box  1a 
Qualified
Dividends -
Box 1b
(Included in
Total
Ordinary
Dividend)
Total
Capital
Gain
Distribution
- Box 2a
Unrecaptured
Section 1250 
Gain - Box2b
(Included in
Total Capital
Gain
Distribution)
Non-dividend
Distributions -
Box 3
3/07/20173/20/20174/03/2017$0.906250$0.862952$0.000000 $0.043298$0.043298 $0.000000
5/17/20176/20/20177/03/2017$0.906250$0.862952$0.000000 $0.043298$0.043298 $0.000000
8/29/20179/20/2017 10/02/2017 $0.906250 $0.862952$0.000000 $0.043298 $0.043298 $0.000000
11/29/2017 12/20/2017  1/02/2018$0.143333 $0.136485 $0.000000 $0.006848 $0.006848 $0.000000
         
  Total$2.862083 $2.725341 $0.000000 $0.136742$0.136742$0.000000

THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s primary business is the ownership and management of dynamic town centers and urban-infill environments in key growth markets in the 40 largest metropolitan markets in the United States.  At September 30, 2017, the Company owned interests in and managed a portfolio of 60 shopping centers and two joint venture properties. At September 30, 2017, the Company’s consolidated portfolio was 93.0% leased. Ramco-Gershenson is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.rgpt.com or follow Ramco-Gershenson on Twitter @RamcoGershenson and facebook.com/ramcogershenson/.

This press release may contain forward-looking statements that represent the Company’s expectations and projections for the future. Management of Ramco-Gershenson believes the expectations reflected in any forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.

Company Contact:
Dawn L. Hendershot, Senior Vice President of Investor Relations
and Public Affairs
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
dhendershot@rgpt.com
(248) 592-6202

 

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Source: Ramco-Gershenson Properties Trust