Kite Realty Group Trust (NYSE: KRG) announced today that the tax of its 2013 dividend distributions for the Company's common shares of beneficial interest represents 19.39 percent ordinary income, 0.00 percent capital gain, and 80.61 percent return of capital. The allocations on the common shares for 2013 were based upon the annual dividend distribution of $0.24 per share.
The tax allocation of its 2013 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 2013 were based upon the annual dividend distributions of $2.0625 per share.
Common Shares | ||||||||||||||||||||||
CUSIP | Record Date | Payable Date |
Total
Distribution per Share |
Ordinary
Dividend |
Capital
Gain Distribution |
Non-Taxable
Distribution | ||||||||||||||||
49803T102 | 1/4/2013 | 1/11/2013 | $ | 0.060000 | $ | 0.011636 | $ | 0.000000 | $ | 0.048364 | ||||||||||||
49803T102 | 4/5/2013 | 4/12/2013 | 0.060000 | 0.011636 | 0.000000 | 0.048364 | ||||||||||||||||
49803T102 | 7/5/2013 | 7/12/2013 | 0.060000 | 0.011636 | 0.000000 | 0.048364 | ||||||||||||||||
49803T102 | 10/4/2013 | 10/11/2013 | 0.060000 | 0.011636 | 0.000000 | 0.048364 | ||||||||||||||||
$ | 0.240000 | $ | 0.046544 | $ | 0.000000 | $ | 0.193456 | |||||||||||||||
19.39% | 0.00% | 80.61% | ||||||||||||||||||||
Preferred Shares | ||||||||||||||||||||||
CUSIP |
Record
Date |
Payable
Date |
Total
Distribution per Share |
Ordinary
Dividend |
Capital
Gain Distribution |
Non-Taxable
Distribution | ||||||||||||||||
49803T201 | 2/25/2013 | 3/1/2013 | $ | 0.515625 | $ | 0.515625 | $ | 0.000000 | $ | 0.000000 | ||||||||||||
49803T201 | 5/24/2013 | 6/1/2013 | 0.515625 | 0.515625 | 0.000000 | 0.000000 | ||||||||||||||||
49803T201 | 8/23/2013 | 9/1/2013 | 0.515625 | 0.515625 | 0.000000 | 0.000000 | ||||||||||||||||
49803T201 | 11/23/2013 | 12/1/2013 | 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. At September 30, 2013, the Company owned interests in a portfolio of 62 operating and redevelopment properties totaling approximately 9.5 million square feet and three properties currently under development totaling 1.2 million square feet.
Kite Realty Group Trust
Dan Sink, Chief Financial Officer,
317-577-5609
dsink@kiterealty.com
or
Investors/Media:
Adam
Basch, Investor Relations, 317-578-5161
abasch@kiterealty.com