Press Release

Mack-Cali Realty Corporation Announces Tax Treatment Of 2018 Dividends

Company Release - 1/16/2019 2:23 PM ET

JERSEY CITY, N.J., Jan. 16, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the tax treatment of its 2018 dividends.  The Company's total distribution of $0.80 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows:

RECORD

DATE

PAYMENT

DATE

 

CASH

DISTRIBUTION

PER SHARE

 

TAXABLE

ORDINARY

DIVIDEND

 

TOTAL

CAPITAL

GAIN

UNRECAPTURED

SECTION 1250

GAIN

(*)

SECTION

199A

DIVIDENDS

(**)

01/03/18

01/12/18

$      0.200000

$    0.093342

$    0.106658

$      0.073064

$    0.093342

04/03/18

04/13/18

0.200000

0.093342

0.106658

0.073064

0.093342

07/03/18

07/13/18

0.200000

0.093342

0.106658

0.073064

0.093342

10/02/18

10/12/18

0.200000

0.093342

0.106658

0.073064

0.093342

 

Totals


$      0.800000

$    0.373368

$   0.426632

$      0.292256

 

$     0.373368



* Included in Total Capital Gain
** Included in Taxable Ordinary Dividends

Mack-Cali Realty Corporation logo (PRNewsFoto/Mack-Cali Realty Corporation) (PRNewsfoto/Mack-Cali Realty Corporation)

The fourth quarter 2018 distributions being made to shareholders of record as of January 3, 2019 are considered 2019 distributions for federal income tax purposes.  Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Mack-Cali Realty Corporation dividends.

About Mack-Cali Realty Corporation

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.

A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.

Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "potential," "projected," "should," "expect," "anticipate," "estimate," "target," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which are incorporated herein by reference. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.

Contacts:

David Smetana

Mack-Cali Realty Corporation

Chief Financial Officer

(732) 590-1035

dsmetana@mack-cali.com 

Deidre Crockett

Mack-Cali Realty Corporation

Senior Vice President,

Corporate Communications

and Investor Relations

(732) 590-1025

dcrockett@mack-cali.com

 

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SOURCE Mack-Cali Realty Corporation