secwatch.observer — SEC 8-K summary
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Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0000950170-22-025802
Event type: dividend
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBL declares special dividend of $2.20/share ($70M aggregate), payable Jan 18, 2023
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- Board declared a $2.20 per share special all-cash dividend, payable Jan 18, 2023 to holders of record Dec 12, 2022.
- Aggregate cash distribution of approximately $70.0 million.
- CEO Lebovitz noted total dividends for 2022 of $2.95/share represent a yield >10.1% relative to Nov 29 closing price.
- Dividend helps CBL maintain REIT status by meeting minimum distribution requirement of 90% of REIT taxable income.
- Management cited strong 2022 performance, stable balance sheet, and significant free cash flow as factors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017022025802/0000950170-22-025802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017022025802/cbl-20221129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025802

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