MLS Mills Corp

The Mills Corporation (NYSE:MLS) announced the tax reporting information (Federal Form 1099) for the year 2005 distributions on its Common Stock, Series B Cumulative Redeemable Preferred Stock, Series C Cumulative Redeemable Preferred Stock, Series E Cumulative Redeemable Preferred Stock, Series F Convertible Cumulative Redeemable Preferred Stock and Series G Cumulative Redeemable Preferred Stock. The federal income tax characteristics of the 2005 distributions paid with respect to The Mills Corporation's Common Stock are as follows: -0- *T COMMON STOCK -- CUSIP #601148109 -- Ticker Symbol MLS ----------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Return of Dates Per Share Dividends Gains Section 1250 Capital Gains ----------- ------------ ---------- ---------- ------------ ---------- 2/1/05 $0.595000 $0.107100 $0.000000 $0.000000 $0.487900 5/2/05 $0.627500 $0.112950 $0.000000 $0.000000 $0.514550 8/1/05 $0.627500 $0.112950 $0.000000 $0.000000 $0.514550 11/1/05 $0.627500 $0.112950 $0.000000 $0.000000 $0.514550 ------------ ---------- ---------- ------------ ---------- Totals $2.477500 $0.445950 $0.000000 $0.000000 $2.031550 ============ ========== ========== ============ ========== *T Amounts reported to Direct Stock Purchase and Dividend Reinvestment Plans may differ due to administrative costs. Participants should refer to their Form 1099 and contact Computershare at 1-800-990-1010 for further information. The taxability of the 2005 common stock dividend is not indicative of the taxability of future distributions. The federal income tax characteristics of the 2005 distributions paid with respect to The Mills Corporation's Series B Cumulative Redeemable Preferred Stock, Series C Cumulative Redeemable Preferred Stock, Series E Cumulative Redeemable Preferred Stock, Series F Convertible Cumulative Redeemable Preferred Stock and Series G Cumulative Redeemable Preferred Stock are as follows: -0- *T SERIES B PREFERRED STOCK -- CUSIP # 601148208 -- Ticker Symbol MLS_pb ---------------------------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Dates Per Share Dividends Gains Section 1250 Gains -------- -------------- ------------- ------------- ------------------ 2/1/05 $0.562500 $0.562500 $0.000000 $0.000000 5/2/05 $0.562500 $0.562500 $0.000000 $0.000000 8/1/05 $0.562500 $0.562500 $0.000000 $0.000000 11/1/05 $0.562500 $0.562500 $0.000000 $0.000000 -------------- ------------- ------------- ------------------ Totals $2.250000 $2.250000 $0.000000 $0.000000 ============== ============= ============= ================== SERIES C PREFERRED STOCK -- CUSIP # 601148307 -- Ticker Symbol MLS_pc ---------------------------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Dates Per Share Dividends Gains Section 1250 Gains -------- -------------- ------------- ------------- ------------------ 2/1/05 $0.562500 $0.562500 $0.000000 $0.000000 5/2/05 $0.562500 $0.562500 $0.000000 $0.000000 8/1/05 $0.562500 $0.562500 $0.000000 $0.000000 11/1/05 $0.562500 $0.562500 $0.000000 $0.000000 -------------- ------------- ------------- ------------------ Totals $2.250000 $2.250000 $0.000000 $0.000000 ============== ============= ============= ================== SERIES E PREFERRED STOCK -- CUSIP # 601148406 -- Ticker Symbol MLS_pe ---------------------------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Dates Per Share Dividends Gains Section 1250 Gains -------- -------------- ------------- ------------- ------------------ 2/1/05 $0.546875 $0.546875 $0.000000 $0.000000 5/2/05 $0.546875 $0.546875 $0.000000 $0.000000 8/1/05 $0.546875 $0.546875 $0.000000 $0.000000 11/1/05 $0.546875 $0.546875 $0.000000 $0.000000 -------------- ------------- ------------- ------------------ Totals $2.187500 $2.187500 $0.000000 $0.000000 ============== ============= ============= ================== SERIES F PREFERRED STOCK -- CUSIP # 601148604 (Restricted); # 601148703 (Registered) ---------------------------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Dates Per Share Dividends Gains Section 1250 Gains -------- -------------- ------------- ------------- ------------------ 2/1/05 $16.875000 $16.875000 $0.000000 $0.000000 5/2/05 $16.875000 $16.875000 $0.000000 $0.000000 8/1/05 $16.875000 $16.875000 $0.000000 $0.000000 11/1/05 $16.875000 $16.875000 $0.000000 $0.000000 -------------- ------------- ------------- ------------------ Totals $67.500000 $67.500000 $0.000000 $0.000000 ============== ============= ============= ================== SERIES G PREFERRED STOCK -- CUSIP # 601148877 -- Ticker Symbol MLS_pg ---------------------------------------------------------------------- Payment Distribution Ordinary Capital Unrecaptured Dates Per Share Dividends Gains Section 1250 Gains -------- -------------- ------------- ------------- ------------------ 8/1/05 $42.109400 $42.109400 $0.000000 $0.000000 11/1/05 $49.220000 $49.220000 $0.000000 $0.000000 -------------- ------------- ------------- ------------------ Totals $91.329400 $91.329400 $0.000000 $0.000000 ============== ============= ============= ================== *T About The Mills Corporation The Mills Corporation, based in Arlington, Virginia, is a developer, owner and manager of a global real estate portfolio including regional shopping malls, retail and entertainment centers, and international recreation, leisure and retail centers. The Mills portfolio currently includes 42 properties in the U.S., Canada and Europe, totaling approximately 51 million square feet of gross leasable area. In addition, The Mills is currently developing, re-developing or constructing various projects around the world. Its portfolio of real estate properties generated more than $8.7 billion in reported retail sales in 2004. The Mills is traded on the New York Stock Exchange under the ticker: MLS. For more information, visit the company's website at www.themills.com. Statements in this press release that are not historical may be deemed forward-looking statements within the meaning of the federal securities laws. Although The Mills Corporation and The Mills Limited Partnership believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they can give no assurance that their expectations will be attained and it is possible that their actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. The words "will," "plan," "believe," "expect," "anticipate," "should," "target," "intend," and similar expressions identify forward-looking statements. The Mills Corporation and The Mills Limited Partnership undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is directed to The Mills Corporation's and The Mills Limited Partnership's various filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, report on Form 10 and annual report on Form 10-K for a discussion of such risks and uncertainties.