1 unchanged sentence
The common stock of the Company is listed and traded on the New York Stock Exchange under the symbol "MAC".
−Removed: The common stock began trading on March 10, 1994 at a price of $19 per share.
As of February 22, 2023, there were approximately 586 stockholders of record.
To maintain its qualification as a REIT, the Company is required each year to distribute to stockholders at least 90% of its net taxable income after certain adjustments.
−Removed: During 2020, the Company took numerous measures to preserve its liquidity, including paying a reduced dividend in the second, third and fourth quarters.
−Removed: Other than its dividend declared in March 2020 and paid in June 2020, which was paid in a combination of cash and shares of its common stock, the Company paid all of its 2021 and 2020 quarterly dividends in cash.
+Added: The Company paid all of its 2022 and 2021 quarterly dividends in cash.
The timing, amount and composition of future dividends will be determined in the sole discretion of the Company's board of directors and will depend on actual and projected cash flow, financial condition, funds from operations, earnings, capital requirements, annual REIT distribution requirements, contractual prohibitions or other restrictions, applicable law and such other factors as the board of directors deems relevant.
15 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: On November 29, 2021, the Company, as general partner of the Operating Partnership, issued 1,407,366 shares of common stock of the Company upon the redemption of 1,407,366 common partnership units of the Operating Partnership.
−Removed: These shares of common stock were issued in a private placement to a limited partner of the Operating Partnership, who is an accredited investor, pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.