Exhibit 99.1

img194759828_0.jpg 

FOR IMMEDIATE RELEASE

 

CEDAR REALTY TRUST ANNOUNCES

TAX INFORMATION FOR 2022 DISTRIBUTIONS

Virginia Beach, Virginia, January 23, 2023 - Cedar Realty Trust, Inc. (the “Company”) today announced the federal income tax treatment of its 2022 distributions to the holders of its common and preferred shares.

Common Stock

 

 

Symbol: CDR

 

 

 

CUSIP: 150602209

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Section

 

 

 

 

 

 

 

 

Distribution

 

 

Ordinary

 

 

Capital Gain

 

 

199A

 

 

Nondividend

 

Record Date

 

Payable Date

 

Per Share

 

 

Dividend

 

 

Dividend

 

 

Dividends

 

 

Distribution

 

2/11/2022

 

2/22/2022

 

$

0.066000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.066000

 

8/19/2022

 

8/26/2022

 

$

19.520000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

19.520000

 

Totals

 

 

 

$

19.586000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

19.586000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series B Preferred Stock

 

 

Symbol: CDR-PB

 

 

 

CUSIP: 150602407

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Section

 

 

 

 

 

 

 

 

Distribution

 

 

Ordinary

 

 

Capital Gain

 

 

199A

 

 

Nondividend

 

Record Date

 

Payable Date

 

Per Share

 

 

Dividends

 

 

Dividend

 

 

Dividends

 

 

Distribution

 

2/11/2022

 

2/22/2022

 

$

0.453125

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.453125

 

5/10/2022

 

5/20/2022

 

$

0.453125

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.453125

 

8/12/2022

 

8/22/2022

 

$

0.453125

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.453125

 

11/10/2022

 

11/21/2022

 

$

0.453125

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.453125

 

Totals

 

 

 

$

1.812500

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

1.812500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series C Preferred Stock

 

 

Symbol: CDR-PC

 

 

 

CUSIP: 1506025063

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Section

 

 

 

 

 

 

 

 

Distribution

 

 

Ordinary

 

 

Capital Gain

 

 

199A

 

 

Nondividend

 

Record Date

 

Payable Date

 

Per Share

 

 

Dividends

 

 

Dividend

 

 

Dividends

 

 

Distribution

 

2/11/2022

 

2/22/2022

 

$

0.406250

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.406250

 

5/10/2022

 

5/20/2022

 

$

0.406250

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.406250

 

8/12/2022

 

8/22/2022

 

$

0.406250

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.406250

 

11/10/2022

 

11/21/2022

 

$

0.406250

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.406250

 

Totals

 

 

 

$

1.625000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

0.000000

 

 

$

1.625000

 

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2022 dividends.

 

On August 22, 2022, Cedar Realty Trust, Inc. completed its merger with Wheeler Real Estate Investment Trust Inc. As a result of the merger each outstanding share of common stock of Cedar Realty Trust, Inc. held by shareholders immediately prior to the merger was cancelled and converted into the right to receive a cash payment of $9.48 per share (the “Merger Consideration”). Shareholders are advised to consult their tax advisor about the specific tax treatment of the Merger Consideration.

About Cedar Realty Trust

Cedar Realty Trust, Inc., a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a real estate investment trust which focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast. The Company's portfolio comprises 19 properties, with approximately 2.8 million square feet of gross leasable area.

For additional financial and descriptive information on the Company, its operations, and its portfolio, please refer to the Company's website at www.whlr.us.

Contact Information:
Cedar Realty Trust, Inc.
(757) 627-9088