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Mack-Cali Realty Corporation Announces Tax Treatment Of 2013 Dividends

EDISON, N.J., Jan. 15, 2014 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the tax treatment of its 2013 dividends. The Company's total distribution of $1.50 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows:

RECORD

DATE

PAYMENT

DATE

CASH

DISTRIBUTIONS

PER SHARE

TAXABLE

ORDINARY

DIVIDENDS

TOTAL

CAPITAL

GAIN

UNRECAPTURED

SECTION 1250

GAIN (*)

NONDIVIDEND

DISTRIBUTIONS

(RETURN OF CAPITAL)

01/04/13

01/11/13

$                  0.45000

$      0.24141

$       0.06150

$             0.06150

$               0.14709

04/03/13

04/12/13

0.45000

0.24141

0.06150

0.06150

0.14709

07/03/13

07/12/13

0.30000

0.16094

0.04100

0.04100

0.09806

10/03/13

10/11/13

0.30000

0.16094

0.04100

0.04100

0.09806

 

Totals


$                  1.50000

$      0.80470

$       0.20500

$             0.20500

$               0.49030

 

* Included in Total Capital Gain

The fourth quarter 2013 distributions being made to shareholders of record as of January 6, 2014 are considered 2014 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.

Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 279 properties, consisting of 267 office and office/flex properties totaling approximately 31 million square feet and 12 multi-family rental properties containing over 3,600 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.

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," "should," "expect," "anticipate," "estimate," "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:

Barry Lefkowitz

Mack-Cali Realty Corporation

Executive Vice President

and Chief Financial Officer

(732) 590-1000

Ilene Jablonski

Mack-Cali Realty Corporation

Vice President of Marketing

(732) 590-1000

SOURCE Mack-Cali Realty Corporation

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