SANTA MONICA, Calif., Jan. 31 /PRNewswire-FirstCall/ -- The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2007 on its Common Stock and Series A Cumulative Preferred Stock.
The 2007 dividend of $2.93 per share is classified for income tax purposes as follows:
The Macerich Company Common Stock CUSIP # 554382101 Total 2007 Distribution Taxable 2007 Total 2007 Record Payable Per Ordinary Capital Gain Return of Date Date Share Dividends Distribution Capital 2/23/2007 3/8/2007 $0.71 $0.3683198 $0.0183997 $0.3232805 5/18/2007 6/8/2007 $0.71 $0.3683198 $0.0183997 $0.3232805 8/21/2007 9/7/2007 $0.71 $0.3683198 $0.0183997 $0.3232805 11/15/2007 12/7/2007 $0.80 $0.4150083 $0.0207320 $0.3642597 2007 Totals $2.93 $1.5199677 $0.0759311 $1.3341012 % 100.00% 52.00% 3.00% 46.00% The Macerich Company Series A Cumulative Preferred CUSIP # 554382309 Total 2007 Distribution Taxable 2007 Total 2007 Record Payable Per Ordinary Capital Gain Return of Date Date Share Dividends Distribution Capital 2/23/2007 3/8/2007 $0.71 $0.6762190 $0.0337810 - 5/18/2007 6/8/2007 $0.71 $0.6762190 $0.0337810 - 8/21/2007 9/7/2007 $0.71 $0.6762190 $0.0337810 - 11/15/2007 12/7/2007 $0.80 $0.7619369 $0.0380631 - 2007 Totals $2.93 $2.7905939 $0.1394061 - % 100.00% 95.00% 5.00% 0.00%
Macerich 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. The company is the sole general partner and owns an 85% ownership interest in The Macerich Partnership, L.P. Macerich now owns approximately 76 million square feet of gross leaseable area consisting primarily of interests in 72 regional malls. Additional information about Macerich can be obtained from the Company's Web site at http://www.macerich.com.
SOURCE The Macerich Company
CONTACT: Arthur Coppola, President and Chief Executive Officer, or
Thomas O'Hern, Executive Vice President and Chief Financial Officer,
+1-310-394-6000, both of The Macerich Company