Kite Realty Group Trust (NYSE: KRG) announced today that the tax of its 2014 dividend distributions for the Company’s common shares of beneficial interest represents 71.85 percent ordinary income, 0.00 percent capital gain, and 28.15 percent return of capital. The allocations on the common shares for 2014 were based upon the annual dividend distribution of $1.02 per share.
The tax allocation of its 2014 dividend distributions for the Company’s Series A cumulative redeemable perpetual preferred shares represents 100 percent ordinary income. The allocations on the preferred shares for 2014 were based upon the annual dividend distributions of $2.0625 per share.
| Common Shares | ||||||||||||||||||||||
CUSIP |
Record |
Payable |
Total |
Ordinary |
Capital |
Non-Taxable | ||||||||||||||||
| 49803T102 | 1/6/2014 | 1/13/2014 | $ | 0.240000 | $ | 0.172448 | $ | 0.000000 | $ | 0.067552 | ||||||||||||
| 49803T102 | 4/7/2014 | 4/14/2014 | 0.260000 | 0.186818 | 0.000000 | 0.073182 | ||||||||||||||||
| 49803T102 | 6/24/2014 | 7/1/2014 | 0.260000 | 0.186818 | 0.000000 | 0.073182 | ||||||||||||||||
| 49803T300 | 10/6/2014 | 10/13/2014 | 0.260000 | 0.186818 | 0.000000 | 0.073182 | ||||||||||||||||
| $ | 1.020000 | $ | 0.732902 | $ | 0.000000 | $ | 0.287098 | |||||||||||||||
| 71.85% | 0.00% | 28.15% | ||||||||||||||||||||
| Preferred Shares | ||||||||||||||||||||||
| CUSIP |
Record |
Payable Date |
Total per Share |
Ordinary |
Capital Distribution |
Non-Taxable Distribution | ||||||||||||||||
| 49803T201 | 2/21/2014 | 3/1/2014 | $ | 0.515625 | $ | 0.515625 | $ | 0.000000 | $ | 0.000000 | ||||||||||||
| 49803T201 | 5/21/2014 | 6/1/2014 | 0.515625 | 0.515625 | 0.000000 | 0.000000 | ||||||||||||||||
| 49803T201 | 8/22/2014 | 9/1/2014 | 0.515625 | 0.515625 | 0.000000 | 0.000000 | ||||||||||||||||
| 49803T201 | 11/27/2014 | 12/1/2014 | 0.515625 | 0.515625 | 0.000000 | 0.000000 | ||||||||||||||||
| $ | 2.062500 | $ | 2.062500 | $ | 0.000000 | $ | 0.000000 | |||||||||||||||
| 100.00% | 0.00% | 0.00% | ||||||||||||||||||||
This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s distributions. No material change in these classifications is expected.
About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. As of September 30, 2014, the Company owned interests in a portfolio of 132 operating, development and redevelopment properties totaling approximately 26.7 million total square feet across 26 states. For more information, please visit the Company’s website at www.kiterealty.com.
