Macerich Reveals Comprehensive Tax Treatment for 2024 Dividends

Macerich's Announcement on 2024 Dividend Tax Treatment

The Macerich Company (NYSE: MAC) has recently released detailed information regarding the tax treatment of dividends for 2024. This announcement is significant for investors looking to understand the implications of their investments in Macerich's Common Stock.

Understanding Dividend Distributions

In the calendar year ending December 31, 2024, Macerich distributed dividends amounting to $0.68 per share. This financial disbursement is crucial for shareholders as it directly affects their taxable income. The dividends are categorized for income tax purposes, which is essential knowledge for both individual and institutional investors.

Key Dividend Details for 2024

Below is the breakdown of the dividends distributed to shareholders in 2024, including various classifications that will affect tax liabilities:

Record Date: 2/16/2024 | Payable Date: 3/4/2024 | Rate per Share: $0.17 | Taxable Ordinary Dividends: $0.00 | Section 199A Dividends: $0.00 | Qualified Dividends: $0.00 | Total Capital Gain Distribution: $0.09 | Nondividend Distribution: $0.08

Record Date: 5/20/2024 | Payable Date: 6/3/2024 | Rate per Share: $0.17 | Taxable Ordinary Dividends: $0.00 | Section 199A Dividends: $0.00 | Qualified Dividends: $0.00 | Total Capital Gain Distribution: $0.09 | Nondividend Distribution: $0.08

Record Date: 8/19/2024 | Payable Date: 9/9/2024 | Rate per Share: $0.17 | Taxable Ordinary Dividends: $0.00 | Section 199A Dividends: $0.00 | Qualified Dividends: $0.00 | Total Capital Gain Distribution: $0.09 | Nondividend Distribution: $0.08

Record Date: 11/12/2024 | Payable Date: 12/2/2024 | Rate per Share: $0.17 | Taxable Ordinary Dividends: $0.00 | Section 199A Dividends: $0.00 | Qualified Dividends: $0.00 | Total Capital Gain Distribution: $0.09 | Nondividend Distribution: $0.08

Macerich's Commitment to Sustainability and Community

Beyond financial disclosures, Macerich is a fully integrated, self-managed real estate investment trust (REIT) known for its dedication to environmental sustainability and community development. Their portfolio consists of high-quality retail properties strategically located in key U.S. markets, including California, the Pacific Northwest, and the Metro New York to Washington, D.C. corridor.

Corporate Governance and Values

Macerich not only prioritizes financial returns for its investors but is also committed to corporate governance. With a focus on advancing social good and environmental goals, the company has secured a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years from 2015 to 2024. This commitment reinforces Macerich's status as a leader in sustainable practices within the real estate sector.

Accessing Further Information

Investors and stakeholders can rely on Macerich's Investor Relations website for up-to-date information on nonpublic material and compliance with disclosure obligations. By utilizing its online platform, Macerich ensures transparency and supports its investor community effectively.

Frequently Asked Questions

What is the tax treatment for Macerich's 2024 dividends?

For 2024, the dividends paid by Macerich have various tax classifications including taxable ordinary dividends, Section 199A dividends, and qualified dividends, influencing your tax obligations.

When are the dividends payable?

The dividends are scheduled to be paid on specific dates after their respective record dates. For instance, the first dividend is payable on March 4, 2024.

How does Macerich ensure sustainability?

Macerich focuses on sustainable practices and has received multiple accolades for its commitment to environmental leadership, including a #1 GRESB ranking.

Where can investors find more information about Macerich?

Investors can access detailed information through Macerich's Investor Relations website, which provides insights and updates regularly.

Who can I contact for investor relations inquiries?

For inquiries, investors can reach out to Samantha Greening, AVP Investor Relations, via her email at Samantha.Greening@macerich.com.

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