01/22/2021
Taubman Announces Taxable Allocations of 2020 Common and Preferred Share Dividend Distributions
The Taubman Company LLC announced today the tax allocations of the 2020 dividend distributions on the delisted Taubman Centers, Inc. common shares and 6.5% Series J and 6.25% Series K Cumulative Redeemable Preferred Shares. The 2020 per share distributions paid with respect to Taubman Centers, Inc. Common Stock (NYSE: TCO/Cusip no. 876664103) are as follows: Declaration
Date Record
Date Payable
Date Gross
Distribution Ordinary
Dividend
Percent Return of
Capital
Percent Long Term
Capital
Gain
Percent Unrecaptured
Sec. 1250
Capital Gain
Percent 03/05/20 03/16/20 03/31/20 0.67500 0% 0% 100% 0% 2020 TOTALS PER SHARE 0.67500 0% 0% 100% 0% • Amounts reported to Direct Share Purchase and Dividend Reinvestment Plan participants will differ due to administrative costs. Participants should refer to their Form 1099, which will be mailed on or before February 15, 2021 and contact Computershare at (888) 877-2889...
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01/21/2021
Taubman Announces Chief Financial Officer Transition
Executive Vice President & Chief Financial Officer Simon Leopold to depart company; Benjamin Meeker to be promoted to Senior Vice President, CFO & Treasurer The Taubman Company LLC today announced that Executive Vice President and Chief Financial Officer Simon Leopold will leave the company effective January 31. Taubman’s Vice President, Capital Markets and Treasurer Benjamin Meeker will be promoted to Senior Vice President, CFO and Treasurer. Mr. Meeker will report to Taubman Chairman, President and CEO Robert Taubman. Mr. Leopold will remain an advisor to the company to assist with the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210121005542/en/ Benjamin Meeker, Senior Vice President, CFO and Treasurer (Photo: Business Wire) “Since joining the company in 2012, Simon Leopold has had a very positive impact on our business,” said Mr. Taubman. “During his tenure, he helped us steadily navigate the...
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12/29/2020
Simon Property Group Completes Acquisition Of Taubman Centers, Inc.
Simon Property Group, Inc. (NYSE: SPG ) ("Simon") today announced that it has completed its acquisition of an 80% ownership interest in The Taubman Realty Group Limited Partnership ("TRG"). Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. ("TCO") common stock for $43.00 per share in cash, and the Taubman family sold approximately one-third of its ownership interest at the transaction price and remains a 20% partner in TRG. "We are very pleased to complete this transaction and to add some of the world's premier retail assets to our portfolio," said David Simon, Chairman, Chief Executive Officer and President. "This investment will enhance the ability of TRG to establish innovative retail environments for consumers and to create new job prospects for the communities in which it operates. I look forward to partnering with the Taubmans in this exciting new joint...
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