KKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends
KKR Real Estate Finance Trust Inc. (NYSE: KREF) (the “Company” or “KREF”) today announced an update to the tax treatment of its 2020 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2020:
| Tax Treatment of 2020 Dividends | ||||||||||||||
|
Record Date |
|
Payment Date |
|
Cash Disbursement |
|
Adjustment |
|
Dividend(1) |
|
Ordinary Dividends(2) |
|
Qualified Dividends |
|
Capital Gain 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 | July 15, 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 record date of December 31, 2020 are treated as received by shareholders on December 31, 2020 to the extent of 2020 earnings and profits. |
|
|
(2) |
Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B). |
The information set forth in this release is intended to replace and supersede KREF’s January 29, 2021 dividend tax treatment announcement in all respects. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividends.
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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