KKR Real Estate Finance Trust Inc. Tax Treatment of 2023 Dividends
KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced the tax treatment of its 2023 common stock and 6.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and Series A Preferred Stock dividend payments for the tax year ended December 31, 2023:
Tax Treatment of 2023 Common Stock Dividends | |||||||||||||||||
Record Date | Payment Date |
Cash Distribution |
Adjustment |
Total Distribution |
Ordinary Dividends(1) |
Qualified Dividends |
Capital Gain Dividends |
Return of Capital |
|||||||||
December 30, 2022 | January 13, 2023 |
$0.43 |
($0.25)
(2)
$0.18
$0.16463
$0.00000
$0.00000
$0.01537
$0.43
$0.00
$0.43
$0.39329
$0.00000
$0.00000
$0.03671
$0.43
$0.00
$0.43
$0.39329
$0.00000
$0.00000
$0.03671
$0.43
$0.00
$0.43
$0.39329
$0.00000
$0.00000
$0.03671
$1.72
($0.25)
$1.47
$1.34450
$0.00000
$0.00000
$0.12550
(1) |
Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions. |
|
(2) |
The cash distribution of $0.43 per share of common stock (with a record date of December 30, 2022, that was paid on January 13, 2023) is a split-year distribution, of which $0.25 was allocable to 2022 for federal income tax purposes and the remaining $0.18 is allocable to 2023 for federal income tax purposes. |
Tax Treatment of 2023 Series A Preferred Stock Dividends | |||||||||||||||||
Record Date | Payment Date |
Cash Distribution |
Adjustment | Dividend |
Ordinary Dividends(1) |
Qualified Dividends |
Capital Gain Dividends |
Return of Capital |
|||||||||
February 28, 2023 | March 15, 2023 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
$0.00000 |
|||||||||
May 31, 2023 | June 15, 2023 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
$0.00000 |
|||||||||
August 31, 2023 | September 15, 2023 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
$0.00000 |
|||||||||
November 30, 2023 | December 15, 2023 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
$0.00000 |
|||||||||
$1.63 |
$0.00 |
$1.63 |
$1.62500 |
$0.00000 |
$0.00000 |
$0.00000 |
(1) |
Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions. |
About KKR Real Estate Finance Trust Inc.
KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.
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The KKR Real Estate Finance Trust Stock at the time of publication of the news with a fall of -3,83 % to 11,30EUR on Lang & Schwarz stock exchange (31. Januar 2024, 22:48 Uhr).