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FARMINGTON HILLS, Mich., Jan. 25, 2016 -- Ramco-Gershenson Properties Trust (NYSE:RPT) (the “Company”) today announced that 2015 distributions on the Company’s common shares of beneficial interest represent 80.2241% total ordinary dividends and 19.7759% non-dividend distributions. The distributions on the common shares for 2015 were based upon a quarterly rate of $0.2000 per share for the first and second quarters and $0.2100 for the third and fourth quarters, resulting in an annual distribution of $0.8200 per share.
Ramco-Gershenson also announced that 2015 distributions on the Company’s 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 100.0000% total ordinary dividends. The distributions on the Series D preferred shares for 2015 were based upon quarterly distributions of $0.90625 per share, resulting in an annual distribution of $3.625 per share.
REPORTING INFORMATION (FORM 1099) – DISTRIBUTIONS
The income tax treatment for 2015 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP No. 751452202*, traded on the New York Stock Exchange under ticker symbol RPT, is as follows (as reported on Form 1099-DIV):
*Also applies to CUSIP #751452103
| Declaration Date | Record Date | Payable Date | Gross Distribution per Share | Total Ordinary Dividend - Box 1a | Qualified Dividends - Box 1b (Included in Total Ordinary Dividend) | Total Capital Gain Distribution - Box 2a | Unrecaptured Section 1250 Gain - Box 2b (Included in Total Capital Gain Distribution) | Nondividend Distributions - Box 3 | ||||||||||||
| 2/24/2015 | 3/20/2015 | 4/1/2015 | $ | 0.200000 | $ | 0.160448 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.039552 | ||||||
| 5/7/2015 | 6/19/2015 | 7/1/2015 | $ | 0.200000 | $ | 0.160448 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.039552 | ||||||
| 8/10/2015 | 9/21/2015 | 10/1/2015 | $ | 0.210000 | $ | 0.168471 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.041529 | ||||||
| 11/10/2015 | 12/21/2015 | 1/4/2016 | $ | 0.210000 | $ | 0.168471 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.041529 | ||||||
| Total | $ | 0.820000 | $ | 0. 657838 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.162162 | ||||||||
The income tax treatment for 2015 distributions for Ramco-Gershenson Properties Trust 7.25% Series D preferred shares of beneficial interest, CUSIP No. 751452608, traded on the New York Stock Exchange under ticker symbol RPT.PD, is as follows (as reported on Form 1099-DIV):
| Declaration Date | Record Date | Payable Date | Gross Distribution per Share | Total Ordinary Dividend - Box 1a | Qualified Dividends - Box 1b (Included in Total Ordinary Dividend) | Total Capital Gain Distribution - Box 2a | Unrecaptured Section 1250 Gain - Box 2b (Included in Total Capital Gain Distribution) | Nondividend Distributions - Box 3 | ||||||||||||
| 2/24/2015 | 3/20/2015 | 4/1/2015 | $ | 0.906250 | $ | 0.906250 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | ||||||
| 5/7/2015 | 6/19/2015 | 7/1/2015 | $ | 0.906250 | $ | 0.906250 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | ||||||
| 8/10/2015 | 9/21/2015 | 10/1/2015 | $ | 0.906250 | $ | 0.906250 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | ||||||
| 11/10/2015 | 12/21/2015 | 1/4/2016 | $ | 0.906250 | $ | 0.906250 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | ||||||
| Total | $ | 3.625000 | $ | 3.625000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | ||||||||
THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of large, multi-anchored shopping centers primarily in a number of the largest metropolitan markets in the central United States. At September 30, 2015, the Company owned interests in and managed a portfolio of 76 shopping centers and one office building with approximately 16.3 million square feet of gross leasable area. At September 30, 2015, the Company's consolidated operating portfolio was 94.3% leased. Additional information regarding the Company is available at www.rgpt.com.
This press release may contain forward-looking statements that represent the Company’s expectations and projections for the future. Management of Ramco-Gershenson believes the expectations reflected in any forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.
Company Contact: Dawn L. Hendershot, Vice President of Investor Relations and Corporate Communications 31500 Northwestern Highway, Suite 300 Farmington Hills, MI 48334 [email protected] (248) 592-6202
