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. Cision View original content with multimedia:http://www.prnewswire.com/news-releases/eastgroup-properties-announces-the-income-tax-treatment-of-its-2017-distributions-300589101.html 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
EastGroup Properties Announces The Income Tax Treatment Of Its 2017 Distributions
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