JERSEY CITY, N.J., Jan. 20, 2017 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the tax treatment of its 2016 dividends. The Company's total distribution of $0.60 per share of common stock (CUSIP #554489104) is to be classified for income tax purposes as follows:



          RECORD  PAYMENT          CASH         NONDIVIDEND
                          DISTRIBUTIONS
            DATE     DATE     PER SHARE       DISTRIBUTIONS

                                        (RETURN OF CAPITAL)
    ---                                  ------------------

        01/06/16 01/15/16     $0.150000            $0.150000

        04/05/16 04/15/16      0.150000             0.150000

        07/06/16 07/15/16      0.150000             0.150000

        10/05/16 10/14/16      0.150000             0.150000
        -------- --------      --------             --------

                              $0.600000            $0.600000

          Totals
          ======

The fourth quarter 2016 distributions being made to shareholders of record as of January 5, 2017 are considered 2017 distributions for federal income tax purposes. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Mack-Cali Realty Corporation dividends.

About Mack-Cali Realty Corporation

Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.

Additional information on Mack-Cali Realty Corporation and the commercial real estate properties and multi-family residential communities available for lease can be found on the Company's website at www.mack-cali.com.

Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "potential," "projected," "should," "expect," "anticipate," "estimate," "target," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Disclosure Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which are incorporated herein by reference. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.



    Contacts: Anthony Krug                 Deidre Crockett

              Mack-Cali Realty Corporation Mack-Cali Realty Corporation

              Chief Financial Officer      Director of Investor Relations

              (732) 590-1030               (732) 590-1025

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mack-cali-realty-corporation-announces-tax-treatment-of-2016-dividends-300394295.html

SOURCE Mack-Cali Realty Corporation