SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC), announced today the federal tax treatment of the 2023 distributions on its shares of common stock. The federal tax treatment of the 2023 distributions as it is expected to be reported on Form 1099-DIV is as follows:
| Record Date | Payable Date | Total Distribution per Share | Ordinary Income per Share | Section 199A Dividends1 | |||
| 03/17/2023 | 04/07/2023 | $0.1500 | $0.1500 | $0.1500 | |||
| 06/16/2023 | 07/07/2023 | $0.1500 | $0.1500 | $0.1500 | |||
| 09/15/2023 | 10/06/2023 | $0.1500 | $0.1500 | $0.1500 | |||
| 12/15/2023 | 01/05/2024 | $0.1500 | $0.1500 | $0.1500 | |||
1Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income Per Share”
Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of ROIC’s distributions.
ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.
Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings and Fitch Ratings, Inc. Additional information is available at www.roireit.net.
When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," “guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.
Contact: Nicolette O’Leary, Investor Relations 858-677-0900 noleary@roireit.net
