NEW YORK--(BUSINESS WIRE)--
KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced the tax treatment of its 2022 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, 2022:
| Tax Treatment of 2022 Common Stock Dividends |
| Record Date | | Payment Date | | Cash Distribution | | Adjustment | | Dividend(1) | | Ordinary Dividends(2) | | Qualified Dividends | | Capital Gain Dividends |
| December 31, 2021 | | January 14, 2022 | | $0.43 | |
($0.23)
| | $0.20 | | $0.20000 | | $0.00000 | | $0.00000 |
| March 31, 2022 | | April 15, 2022 | | $0.43 | | $0.00 | | $0.43 | | $0.43000 | | $0.00000 | | $0.00000 |
| June 30, 2022 | | July 15, 2022 | | $0.43 | | $0.00 | | $0.43 | | $0.43000 | | $0.00000 | | $0.00000 |
| September 30, 2022 | | October 14, 2022 | | $0.43 | | $0.00 | | $0.43 | | $0.43000 | | $0.00000 | | $0.00000 |
| December 30, 2022 | | January 13, 2023 | | $0.43 | |
($0.18)
| | $0.25 | | $0.25000 | | $0.00000 | | $0.00000 |
| | | | $2.15 | |
($0.41)
| | $1.74 | | $1.74000 | | $0.00000 | | $0.00000 |
(1)
| |
Pursuant to IRC Section 857(b)(9), cash distributions made on January 13, 2023 with a record date of December 30, 2022 are treated as received by shareholders on December 31, 2022 to the extent of 2022 earnings and profits.
|
(2)
| |
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.
|
| Tax Treatment of 2022 Series A Preferred Stock Dividends |
| Record Date | | Payment Date | | Cash Distribution | | Adjustment | | Dividend | | Ordinary Dividends(1) | | Qualified Dividends | | Capital Gain Dividends |
| February 28, 2022 | | March 15, 2022 | | $0.41 | | $0.00 | | $0.41 | | $0.40625 | | $0.00000 | | $0.00000 |
| May 31, 2022 | | June 15, 2022 | | $0.41 | | $0.00 | | $0.41 | | $0.40625 | | $0.00000 | | $0.00000 |
| August 31, 2022 | | September 15, 2022 | | $0.41 | | $0.00 | | $0.41 | | $0.40625 | | $0.00000 | | $0.00000 |
| November 30, 2022 | | December 15, 2022 | | $0.41 | | $0.00 | | $0.41 | | $0.40625 | | $0.00000 | | $0.00000 |
| | | | $1.63 | | $0.00 | | $1.63 | | $1.62500 | | $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/20230131006063/en/
MEDIA CONTACT:
Miles Radcliffe-Trenner
(212) 750-8300
[email protected]
INVESTOR RELATIONS CONTACT:
Jack Switala
(212) 763-9048
[email protected]
Source: KKR Real Estate Finance Trust Inc.
