NEW YORK -- (Business Wire)
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
| |
| March 31, 2023 | | April 14, 2023 | |
$0.43
| |
$0.00
| |
$0.43
| |
$0.39329
| |
$0.00000
| |
$0.00000
| |
$0.03671
| |
| June 30, 2023 | | July 14, 2023 | |
$0.43
| |
$0.00
| |
$0.43
| |
$0.39329
| |
$0.00000
| |
$0.00000
| |
$0.03671
| |
| September 29, 2023 | | October 13, 2023 | |
$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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131083110/en/
Contacts:
MEDIA:
Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com
INVESTOR RELATIONS:
Jack Switala
(212) 763-9048
kref-ir@kkr.com
Source: KKR Real Estate Finance Trust Inc.
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