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WASHINGTON PRIME GROUP

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WP Glimcher Announces Tax Reporting Information for 2014 Common and Preferred Share Distributions for Washington Prime Inc. and Glimcher Realty Trust

COLUMBUS, OH – January 20, 2015 – WP Glimcher (NYSE:WPG) today announced the tax reporting information (Federal Form 1099) for both Washington Prime Group Inc. (“Washington Prime”) and Glimcher Realty Trust (“GRT”) for the year 2014 distributions. The distributions relate to the common shares of each entity as well as GRT’s Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (“Series G Preferred Shares”), GRT’s Series H Cumulative Redeemable Preferred Shares of Beneficial Interest (“Series H Preferred Shares”), and GRT’s Series I Cumulative Redeemable Preferred Shares of Beneficial Interest (“Series I Preferred Shares”).

Common Stock:

The 2014 distributions paid with respect to Washington Prime Group’s Common Stock (NYSE CUSIP No. 939647103) are as follows: 

Payable Date Distribution Per Share Ordinary Income L-T Capital Gains Unrecap. §1250 Gains Non-Dividend Distributions
09/15/2014 $0.250000 $0.240270 $0.009730 $0.006944 $0.000000
12/15/2014 $0.250000 $0.240270 $0.009730 $0.006944 $0.000000
  Totals: $0.500000 $0.480540 $0.019460 $0.013888 $0.000000

The 2014 distributions paid with respect to Glimcher Realty Trust Common Stock (NYSE CUSIP No. 379302102) are as follows:

Payable Date Distribution Per Share Ordinary Income L-T Capital Gains Unrecap. §1250 Gains Non-Dividend Distributions
01/15/2014 $0.100000 $0.018827 $0.000000 $0.000000 $0.081173
04/15/2014 $0.100000 $0.018830 $0.000000 $0.000000 $0.081170
 07/15/2014 $0.100000 $0.018873 $0.000000 $0.000000 $0.081127
10/15/2014 $0.100000 $0.018720 $0.000000 $0.000000 $0.081280
  Totals: $0.400000 $0.075250 $0.000000 $0.000000 $0.324750

Preferred Stock:

 The 2014 distributions paid with respect to GRT's Preferred shares are as follows:

 8.125% Series G Preferred Shares (NYSE CUSIP No. 379302409) 

Payable Date Distribution Per Share Ordinary Income L-T Capital Gains Unrecap. §1250 Gains Non-Dividend Distributions
01/15/2014 $0.507800 $0.507800 $0.000000 $0.000000 $0.000000
04/15/2014 $0.507800 $0.507800 $0.000000 $0.000000 $0.000000
 07/15/2014 $0.507800 $0.507800 $0.000000 $0.000000 $0.000000
10/15/2014 $0.507800 $0.507800 $0.000000 $0.000000 $0.000000
  Totals: $2.031200 $2.031200 $0.000000 $0.000000 $0.00000

7.5% Series H Preferred Shares (NYSE CUSIP No. 379302508)

Payable Date Distribution Per Share Ordinary Income L-T Capital Gains Unrecap. §1250 Gains Non-Dividend Distributions
01/15/2014 $0.468750 $0.468750 $0.000000 $0.000000 $0.000000
04/15/2014 $0.468750 $0.468750 $0.000000 $0.000000 $0.000000
 07/15/2014 $0.468750 $0.468750 $0.000000 $0.000000 $0.000000
10/15/2014 $0.468750 $0.468750 $0.000000 $0.000000 $0.000000
  Totals: $1.875000 $1.875000 $0.000000 $0.000000 $0.00000

6.875% Series I Preferred Shares (NYSE CUSIP No. 379302607)

Payable Date Distribution Per Share Ordinary Income L-T Capital Gains Unrecap. §1250 Gains Non-Dividend Distributions
01/15/2014 $0.429688 $0.429688 $0.000000 $0.000000 $0.000000
04/15/2014 $0.429688 $0.429688 $0.000000 $0.000000 $0.000000
 07/15/2014 $0.429688 $0.429688 $0.000000 $0.000000 $0.000000
10/15/2014 $0.429688 $0.429688 $0.000000 $0.000000 $0.000000
  Totals: $1.718752 $1.718752 $0.000000 $0.000000 $0.00000

The common and preferred distributions paid on January 15, 2015 will be reported in the 2015 tax year. 

Dividend Reinvestments and Stock Purchase Plan

Amounts reported to both GRT and WPG Dividend Reinvestment and Stock Purchase Plan participants will differ due to administrative costs. Participants should refer to their Form 1099 which will be mailed in late January and contact Computershare Investor Services, LLC at 800.738.4931 for further information. The taxability of the 2014 common stock distributions and the 2014 preferred stock distributions are not indicative of the taxability of future distributions.

The Tax Reporting Information Table is available on the Company’s website at www.wpglimcher.com. For additional information, please contact Linda Reeder, Tax Manager, at 614.887.5873 or via e-mail at linda.reeder@wpglimcher.com.

About WP GLIMCHER

WP GLIMCHER (NYSE: WPG) is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as community centers. WP GLIMCHER owns and manages 119 shopping centers totaling more than 68 million square feet diversified by size, geography and tenancy. WP GLIMCHER combines a national real estate portfolio with an investment grade balance sheet and plans to leverage its expertise across the entire shopping center sector to increase cash flow through rigorous asset management of existing assets. WP GLIMCHER is the d/b/a for Washington Prime Group Inc.

Visit WP GLIMCHER at:  www.wpglimcher.com

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