DDR Corp : DDR Corp. Announces Tax Allocations of 2011 Dividend Distributions

BEACHWOOD, Ohio, Jan. 13, 2012/PRNewswire/ -- DDR Corp. (NYSE: DDR) today announced the tax allocations of 2011 dividend distributions on its common shares and three series of preferred shares.

For shareholders of DDR Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2011 dividends. The amounts indicated on Form 1099-DIV should be reported on shareholders' 2011 federal income tax returns. The schedule below, presented on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.

Please note that the January 5, 2011common share distribution is included in the tax allocations for 2011 and the January 6, 2012common share distribution will be included in the tax allocations for 2012.

Common Shares (NYSE:DDR)
								Unrecaptured
		Record	Payable	Ordinary	Total	Return of	Total	Sec. 1250
Period	CUSIP (1)	Date	Date	Dividends	Capital Gain	Capital (2)	Dividends	Gain
4Q10	251591103	12/17/2010	01/05/2011	0.000000	0.000000	0.020000	0.020000	0.000000
1Q11	251591103	03/22/2011	04/05/2011	0.000000	0.000000	0.040000	0.040000	0.000000
2Q11	251591103	06/20/2011	07/06/2011	0.000000	0.000000	0.040000	0.040000	0.000000
3Q11	23317H102	09/27/2011	10/11/2011	0.000000	0.000000	0.060000	0.060000	0.000000
Total				0.000000	0.000000	0.160000	0.160000	0.000000
Preferred Class G Depository Shares (NYSE:DDR_pg)
								Unrecaptured
		Record	Payable	Ordinary	Total	Return of	Total	Sec. 1250
Period	CUSIP	Date	Date	Dividends	Capital Gain	Capital (2)	Dividends	Gain
12/15/10 - 03/14/11	251591830	03/01/2011	03/15/2011	0.254301	0.000000	0.245699	0.500000	0.000000
03/15/11 - 04/04/11	251591830	04/04/2011	04/04/2011	0.053686	0.000000	0.051870	0.105556	0.000000
Total				0.307987	0.000000	0.297569	0.605556	0.000000
Preferred Class H Depository Shares (NYSE:DDR_ph)
								Unrecaptured
		Record	Payable	Ordinary	Total	Return of	Total	Sec. 1250
Period	CUSIP (1)	Date	Date	Dividends	Capital Gain	Capital (2)	Dividends	Gain
01/15/11 - 04/14/11	251591822	04/01/2011	04/15/2011	0.234435	0.000000	0.226503	0.460938	0.000000
04/15/11 - 07/14/11	251591822	07/01/2011	07/15/2011	0.234434	0.000000	0.226504	0.460938	0.000000
07/15/11 - 10/14/11	23317H508	09/30/2011	10/17/2011	0.234434	0.000000	0.226504	0.460938	0.000000
10/15/11 - 01/14/12	23317H508	12/30/2011	01/17/2012	0.234434	0.000000	0.226504	0.460938	0.000000
Total				0.937737	0.000000	0.906015	1.843752	0.000000
Preferred Class I Depository Shares (NYSE:DDR_pi)
								Unrecaptured
		Record	Payable	Ordinary	Total	Return of	Total	Sec. 1250
Period	CUSIP (1)	Date	Date	Dividends	Capital Gain	Capital (2)	Dividends	Gain
01/15/11 - 04/14/11	251591780	04/01/2011	04/15/2011	0.238407	0.000000	0.230343	0.468750	0.000000
04/15/11 - 07/14/11	251591780	07/01/2011	07/15/2011	0.238408	0.000000	0.230342	0.468750	0.000000
07/15/11 - 10/14/11	23317H201	09/30/2011	10/17/2011	0.238407	0.000000	0.230343	0.468750	0.000000
10/15/11 - 01/14/12	23317H201	12/30/2011	01/17/2012	0.238408	0.000000	0.230342	0.468750	0.000000
Total				0.953630	0.000000	0.921370	1.875000	0.000000
(1)       The CUSIP changed as a result of DDR Corp.'s legal name change
(2)       Represents a return of stockholders' original investment

About DDR

DDR is an owner and manager of 538 primarily open-air, value-oriented shopping centers that leverages its retail knowledge to help tenants be successful and create value for its shareholders. DDR operates a total of 134 million square feet in 41 states, Puerto Ricoand Brazil, concentrated in high barrier-to-entry markets with stable populations and high growth potential. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the symbol DDR. Additional information about the company is available at .

Safe Harbor

DDR considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company's expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as oversupply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements and the success of our capital recycling strategy. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company's Form 10-K for the year ended December 31, 2010. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE DDR Corp.