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Apollo Commercial Real Estate Finance, Inc. Message Board

  • RealBeauMec RealBeauMec May 27, 2003 11:30 PM Flag

    (OT) Taxes

    I think that it is well established now that reit dividends will not qualify for the new 15% rate. Thanks guys.

    I have another tax question, *not* related to reits. Can straight preferred stock dividends qualify for the 15% rate (assuming that the common shares do). I'm not talking about bonds, derivatives, reits, or anything else; just ordinary straight preferred stock of listed corporations.

    Is there anything in the new law that catagorically excludes preferred stock dividends from the new 15% rate?

    Thanks.

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    • Straight preferred (keeping in mind that certain reit prfds DO NOT qualify) do qualify.

      The reason I believe this is that straight prfds qualify for the corporate DRD (dividends received deduction) which exists in order to encourage corporations to invest in the prfd stocks of other corporations.

 
ARI
15.41Jun 27 4:02 PMEDT