SANTA MONICA, Calif., Jan. 19, 2016 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2015 on its Common Stock.

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During the calendar year ended December 31, 2015 Macerich paid dividends of $4.63. In addition, Macerich declared 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 is 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 $3.64 of its 2015 dividends of $4.84 as "capital gain dividends."

The 2015 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 2015 Taxable Ordinary    2015 Total Capital Gain
                                                                        Dividends                Distribution
     ----------- ------------        ----------------------------   ---------------------    -----------------------

      2/20/2015             3/6/2015                        $0.65                    $0.16                       $0.49
      ---------             --------                        -----                    -----                       -----

       5/8/2015             6/5/2015                        $0.65                    $0.16                       $0.49
       --------             --------                        -----                    -----                       -----

      8/20/2015             9/8/2015                        $0.65                    $0.16                       $0.49
      ---------             --------                        -----                    -----                       -----

      11/12/2015           12/4/2015                        $0.68                    $0.17                       $0.51
      ----------           ---------                        -----                    -----                       -----

      11/12/2015           12/8/2015                        $2.00                    $0.50                       $1.50
      ----------           ---------                        -----                    -----                       -----

      11/12/2015            1/6/2016                        $0.21                    $0.05                       $0.16
      ----------            --------                        -----                    -----                       -----

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 55 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.

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SOURCE Macerich