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Urban Edge Properties Announces Tax Treatment of 2019 Dividend Distributions

January 21, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Jan 21, 2020--

Urban Edge Properties (NYSE:UE) announced today the tax treatment of the 2019 dividend distributions on shares of its common stock.

The federal income tax characteristics of the 2019 distributions paid with respect to Urban Edge Properties common stock (CUSIP #91704F104 and traded under ticker symbol UE) are as follows:

 

Distribution Type – Per share

Record
Date

 

Payment
Date

 

Distribution
Amount
per share

 

Ordinary Taxable
Income (1)

 

Long Term
Capital Gains (2)

 

Return of
Capital

3/15/2019

 

3/29/2019

 

$0.22

 

 

$0.18

 

$0.04

 

$0.00

6/14/2019

 

6/28/2019

 

$0.22

 

 

$0.18

 

$0.04

 

$0.00

9/13/2019

 

9/30/2019

 

$0.22

 

 

$0.18

 

$0.04

 

$0.00

12/16/2019

 

12/31/2019

 

$0.22

 

 

$0.19

 

$0.03

 

$0.00

 

 

2019 Totals

 

$0.88

 

 

$0.73

 

$0.15

 

$0.00

(1)

The 2019 Taxable Ordinary Dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code section 199A.

(2)

Of the $0.15 amount reported as long-term capital gains, the amount that is unrecaptured 1250 gain is $0.02.

Shareholders are advised to consult their tax advisor about the specific tax treatment of Urban Edge’s 2019 dividends.

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 79 properties totaling 15.2 million square feet of gross leasable area.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200121005098/en/

CONTACT: For Additional Information:

Mark Langer, EVP and Chief Financial Officer

(201) 571-3500

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: REIT OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY URBAN PLANNING

SOURCE: Urban Edge Properties

Copyright Business Wire 2020.

PUB: 01/21/2020 07:00 AM/DISC: 01/21/2020 07:01 AM

http://www.businesswire.com/news/home/20200121005098/en