• Email page PDF view Print view Email Alert Social media sharing

Press Release

Ramco-Gershenson Properties Trust Announces 2016 Year End Tax Reporting Information

Company Release - 1/26/2017 4:15 PM ET

FARMINGTON HILLS, Mich., Jan. 26, 2017 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:RPT) (the “Company”) announced today that 2016 distributions on the Company’s common shares of beneficial interest represent 79.4842% total ordinary dividends and 20.5158% capital gain dividends.  The distributions on the common shares for 2016 were based upon a quarterly rate of $0.2100 per share for the first and second quarters and $0.2200 for the third and fourth quarters, resulting in an annual distribution of $0.8600 per share. The fourth quarter distribution is treated as paid in two tax years for income tax purposes, $0.159818 is treated as paid on December 31, 2016 and $0.060182 is treated as paid on January 3, 2017.

Ramco-Gershenson also announced that 2016 distributions on the Company’s 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 79.4842% total ordinary dividends and 20.5158% capital gain dividends. The distributions on the Series D preferred shares for 2016 were based upon quarterly distributions of $0.90625 per share, resulting in an annual distribution of $3.625 per share.
                                                                               
REPORTING INFORMATION (FORM 1099) – DISTRIBUTIONS

The income tax treatment for 2016 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)

 Nondividend
Distributions
- Box 3

3/3/2016 3/21/2016 4/1/2016 $0.210000 $0.166917 $0.000000 $0.043083 $0.030328 $0.000000
5/16/2016 6/20/2016 7/1/2016 $0.210000 $0.166917 $0.000000 $0.043083 $0.030328 $0.000000
9/6/2016 9/20/2016 10/3/2016 $0.220000 $0.174865 $0.000000 $0.045135 $0.031773 $0.000000
12/05/2016 12/20/2016 1/3/2017 $0.159818 $0.127030 $0.000000 $0.032788 $0.023081 $0.000000
    Total $0.799818 $0. 635729 $0.000000 $0.164089 $0.115510 $0.000000

The income tax treatment for 2016 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 - Box 2b
(Included in
Total Capital
Gain
Distribution)

 Nondividend
Distributions
- Box 3

3/3/2016 3/21/2016 4/1/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.000000
5/16/2016 6/20/2016 7/1/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.000000
9/6/2016 9/20/2016 10/3/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.000000
12/05/2016 12/20/2016 1/3/2017$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.000000
    Total$ 3.625000 $2.881304 $0.000000 $0.743696 $0.523524 $0.000000

THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan.  The Company's primary business is the ownership and management of large, multi-anchored shopping centers primarily in a number of the largest metropolitan markets in the central United States.  At September 30, 2016, the Company owned interests in and managed a portfolio of 66 shopping centers with approximately 14.8 million square feet of gross leasable area.  At September 30, 2016, the Company's consolidated operating portfolio was 94.2% leased.  Additional information regarding the Company is available at 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, Vice President of Investor Relations
and Corporate Communications
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
dhendershot@rgpt.com
(248) 592-6202

Primary Logo

Source: Ramco-Gershenson Properties Trust