GREENSBORO, N.C., Jan. 20, 2014 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its 2013 dividend distributions should be treated as follows for income tax purposes.

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Common Shares: 89.2% as ordinary income, 1.3% as long term capital gain, and 9.5% as return of capital.

Detailed information regarding each distribution during 2013 is below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividend distributions.

Tanger Factory Outlet Centers, Inc. - Common Stock (Symbol SKT) (CUSIP No. 875465106)



      Record  Ex-Dividend     Payable          Total                Year Included in          Box 1a               Box 2a                 Box 3
       Date       Date          Date       Distribution        Shareholders' Income 2013      Total                                   Non dividend
                                             Per Share                                       Ordinary        Total Capital Gain
                                                                                                                Distributions         Distributions
                                                                                            Dividends

     1/30/13          1/28/13      2/15/13            0.210000                     0.210000        0.187320                 0.002730              0.019950

     4/30/13          4/26/13      5/15/13            0.225000                     0.225000        0.200700                 0.002925              0.021375

     7/30/13          7/26/13      8/15/13            0.225000                     0.225000        0.200700                 0.002925              0.021375

     10/30/13        10/28/13     11/15/13            0.225000                     0.225000        0.200700                 0.002925              0.021375

                                                      0.885000                     0.885000        0.789420                 0.011505              0.084075

                                                                                                       89.2%                     1.3%                  9.5%

About Tanger Factory Outlet Centers, Inc.

Tanger Factory Outlet Centers, Inc. is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers in 26 states coast to coast and in Canada, totaling approximately 13.3 million square feet leased to over 2,800 stores operated by more than 470 different brand name companies. More than 175 million shoppers visit Tanger Factory Outlet Centers annually. For more information on Tanger Outlet Centers, call 1-800-4TANGER or visit the company's web site at www.tangeroutlet.com.

Contact: Frank C. Marchisello
Executive Vice President and CFO
(336) 834-6834

SOURCE Tanger Factory Outlet Centers, Inc.