KKR Real Estate Finance Trust Inc. Tax Treatment of 2022 Dividends
January 31, 2023 at 16:30 PM EST
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.
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