GGP Announces Tax Reporting Information for 2014 Distributions

CHICAGO--(BUSINESS WIRE)--

General Growth Properties, Inc. GGP announced today the tax reporting information for 2014 distributions on its common stock and 6.375% Series A Cumulative Redeemable Preferred stock as shown below.

Distributions include an allocation of Unrecaptured Section 1250 Gain which is included in the Capital Gain Distribution figures. Distributions also include an Alternative Minimum Tax (“AMT”) adjustment to increase each dividend recipient's Alternative Minimum Taxable Income (“AMTI”).

Participants should refer to their Federal Form 1099 which will be mailed no later than January 31, 2015 and contact American Stock Transfer & Trust Company, LLC at (866) 627-2643 for further information. Taxability of the 2014 distributions is not necessarily indicative of future distributions.

								2014 TAX INFORMATION - Common Stock
						Total				Taxable				Unrecaptured
Record		Payable		Type of		Distribution		Total Taxable		Ordinary		Capital Gain		Sec. 1250		AMTI		2015 Taxable
Date		Date		Distribution		Per Share		Distribution		Dividends		Distribution		Gain		Preference		Distribution
4/15/2014		4/30/2014		Cash		$0.150000		$0.150000		$0.116245		$0.033755		$0.009149		$0.006182		N/A
7/15/2014		7/31/2014		Cash		$0.150000		$0.150000		$0.150000		$0.000000		$0.000000		$0.002326		N/A
10/15/2014		10/31/2014		Cash		$0.160000		$0.160000		$0.160000		$0.000000		$0.000000		$0.002481		N/A
12/15/2014		1/2/2015		Cash		$0.170000		$0.072687		$0.072687		$0.000000		$0.000000		$0.001127		$0.097313
				TOTAL		$0.630000		$0.532687		$0.498932		$0.033755		$0.009149		$0.012116		$0.097313
PERCENT OF ANNUAL TOTAL								100.00%		93.66%		6.34%
								2014 TAX INFORMATION - 6.375% Series A Cumulative Redeemable Preferred Stock
						Total				Taxable				Unrecaptured
Record		Payable		Type of		Distribution		Total Taxable		Ordinary		Capital Gain		Sec. 1250		AMTI		2015 Taxable
Date		Date		Distribution		Per Share		Distribution		Dividends		Distribution		Gain		Preference		Distribution
3/17/2014		4/1/2014		Cash		$0.398400		$0.398400		$0.398400		$0.000000		$0.000000		$0.006177		N/A
6/16/2014		7/1/2014		Cash		$0.398400		$0.398400		$0.398400		$0.000000		$0.000000		$0.006177		N/A
9/15/2014		10/1/2014		Cash		$0.398400		$0.398400		$0.398400		$0.000000		$0.000000		$0.006177		N/A
12/15/2014		1/2/2015		Cash		$0.398400		$0.398400		$0.398400		$0.000000		$0.000000		$0.006177		N/A
				TOTAL		$1.593600		$1.593600		$1.593600		$0.000000		$0.000000		$0.024709		$0.000000
PERCENT OF ANNUAL TOTAL								100.00%		100.00%		0.00%

ABOUT GGP

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.