EastGroup Properties Announces The Income Tax Treatment Of Its 2017 Distributions

     EastGroup Properties Announces The Income Tax Treatment Of Its 2017
                                Distributions

PR Newswire

JACKSON, Miss., Jan. 26, 2018

JACKSON, Miss., Jan. 26, 2018 /PRNewswire/ -- EastGroup Properties, Inc.
(NYSE: EGP) announced today the income tax treatment of its 2017 distributions
as described below.  Shareholders are encouraged to consult with their
personal tax advisors as to their specific tax treatment of EastGroup
Properties distributions.

EastGroup Properties, Inc. logo. (PRNewsFoto/EAST GROUP PROPERTIES, INC.)
(PRNewsFoto/) (PRNewsFoto/)

Common Stock:
Ticker Symbol EGP, CUSIP #277 276 101

                  Total         Total                              Nondividend
Record   Payment                Ordinary Total        Unrecaptured
                  Distributions          Capital Gain Sec. 1250    Distributions
Dates    Dates                  Dividend Distribution Gain (1)     (2)
                  Per Share
03/22/17 03/31/17 $.62          $.61298  $.00041      $0           $.00661
06/16/17 06/30/17 .62           .61298   .00041       0            .00661
09/15/17 09/29/17 .64           .63275   .00043       0            .00682
12/15/17 12/29/17 .64           .63275   .00043       0            .00682
         TOTALS   $2.52         $2.49146 $.00168      $0           $.02686
Form 1099-DIV box               1a       2a           2b           3

(1)   Unrecaptured Sec. 1250 Gain (box 2b) is a subset of, and is included in,
the Total Capital Gain Distribution amount reported in box 2a of Form
1099-DIV.
(2)   Return of Capital

The Company did not incur any foreign taxes in 2017.  Of the total
distributions during 2017, none are considered qualifying dividends for
purposes of the federal 15% income tax rate.  Should you need any additional
information, please call Bruce Corkern, Chief Accounting Officer, at
601-354-3555.

EastGroup Properties, Inc. is a self-administered equity real estate
investment trust focused on the development, acquisition and operation of
industrial properties in major Sunbelt markets throughout the United States
with an emphasis in the states of Florida, Texas, Arizona, California and
North Carolina.  The Company's goal is to maximize shareholder value by being
the leading provider in its markets of functional, flexible, and quality
business distribution space for location sensitive customers primarily in the
10,000 to 50,000 square foot range.  The Company's strategy for growth is
based on ownership of premier distribution facilities generally clustered near
major transportation features in supply-constrained submarkets.  EastGroup's
portfolio currently includes approximately 40 million square feet. 

EastGroup Properties press releases are available at www.eastgroup.net.

 

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SOURCE EastGroup Properties, Inc.

Website: http://www.eastgroup.net
Contact: FOR MORE INFORMATION, CONTACT: Marshall Loeb, Chief Executive Officer
and President, Brent Wood, Chief Financial Officer, (601) 354-3555
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