KKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends | Business

NEW YORK – (BUSINESS WIRE) – February 3, 2021–

KKR Real Estate Finance Trust Inc. (NYSE: KREF) (the “Company” or “KREF”) today announced an update to the tax treatment of its common stock for 2020 and preferred stock dividends for special votes. 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

($ 0.32)

$ 0.11

$ 0.1125

$ 0,0009

$ 0.0000

March 31, 2020 April 15, 2020

$ 0.43

$ 0.00

$ 0.43

$ 0.4300

$ 0.0033

$ 0.0000

June 30, 2020 15th July 2020

$ 0.43

$ 0.00

$ 0.43

$ 0.4300

$ 0.0033

$ 0.0000

September 30, 2020 October 15, 2020

$ 0.43

$ 0.00

$ 0.43

$ 0.4300

$ 0.0033

$ 0.0000

December 31, 2020 January 15, 2021

$ 0.43

$ 0.00

$ 0.43

$ 0.4300

$ 0.0033

$ 0.0000

$ 2.15

($ 0.32)

$ 1.83

$ 1.8325

$ 0.0141

$ 0.0000

(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).

The information contained in this press release is intended to supersede and replace in all respects KREF’s announcement on the treatment of dividend tax dated January 29, 2021. Shareholders are encouraged to consult with their personal tax advisor about 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

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[email protected] RELATIONS CONTACT:

Anna Thomas

(212) 763-9048

[email protected]

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

KEYWORD IN INDUSTRY: REIT FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE & REAL ESTATE

SOURCE: KKR Real Estate Finance Trust Inc.

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PUB: 02/03/2021 04:30 PM / DISC: 02/03/2021 04:30 PM

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