KKR Real Estate Finance Trust Inc. Tax Treatment of 2020 Dividends | Business
NEW YORK – (BUSINESS WIRE) – January 29, 2021–
KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its dividends for 2020 common stock and special votes for preferred stock. The following table summarizes the dividend payments for common stock and preferred stock of KKR Real Estate Finance Trust Inc. for the tax year ended December 31, 2020:
| Tax treatment of dividends 2020 | ||||||||||||||||
|
Recording date |
date of payment |
Cash payment |
attitude |
Dividend (1) |
Ordinary dividends (2) |
Qualified dividends |
Capital Gains Dividends |
|||||||||
| December 31, 2019 | January 15, 2020 |
$ 0.43 |
($ 0.12 |
) |
$ 0.31 |
$ 0.3071 |
$ 0.0048 |
$ 0.0029 |
||||||||
| March 31, 2020 | April 15, 2020 |
$ 0.43 |
$ 0.00 |
$ 0.43 |
$ 0.4300 |
$ 0.0031 |
$ 0.0000 |
|||||||||
| June 30, 2020 | 15th July 2020 |
$ 0.43 |
$ 0.00 |
$ 0.43 |
$ 0.4300 |
$ 0.0031 |
$ 0.0000 |
|||||||||
| September 30, 2020 | October 15, 2020 |
$ 0.43 |
$ 0.00 |
$ 0.43 |
$ 0.4300 |
$ 0.0031 |
$ 0.0000 |
|||||||||
| December 31, 2020 | January 15, 2021 |
$ 0.43 |
$ 0.00 |
$ 0.43 |
$ 0.4300 |
$ 0.0031 |
$ 0.0000 |
|||||||||
|
$ 2.15 |
($ 0.12 |
) |
$ 2.03 |
$ 2.0271 |
$ 0.0172 |
$ 0.0029 |
||||||||||
|
(1) |
Pursuant to IRC Section 857 (b) (9), cash distributions made on January 15, 2021 with a cut-off date of December 31, 2020, will be treated as being received by shareholders on December 31, 2020 in the amount of the 2020 profits and gains. |
|
|
(2) |
Ordinary dividends that are “Qualifying REIT Dividends” are deductible by 20% in accordance with IRC Section 199A (b) (1) (B). |
Shareholders are encouraged to consult with their personal tax adviser on the specific tax treatment of the Company’s dividends.
About KKR Real Estate Finance Trust Inc.
KREF is a real estate finance company primarily focused on the issuance and purchase of senior loans backed by commercial real estate. KREF is externally administered and advised by a subsidiary of KKR & Co. Inc. Further information on KREF can be found on the website at www.kkrreit.com.
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CONTACT: MEDIA CONTACT:
Cara Major or Miles Radcliffe Separator
(212) 750-8300
[email protected] RELATIONS CONTACT:
Anna Thomas
(212) 763-9048
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
KEYWORD IN INDUSTRY: PROFESSIONAL SERVICES COMMERCIAL BUILDING AND REAL ESTATE FINANCING AND REAL ESTATE BANKING
SOURCE: KKR Real Estate Finance Trust Inc.
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PUB: 01/29/2021 4:30 p.m. / DISC: 01/29/2021 4:30 p.m.
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