KKR Real Estate Finance Trust Inc. Tax Treatment of 2023 Dividends
NEW YORK, January 31, 2024--(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 |
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Record Date | Payment Date | Cash | Adjustment | Total | Ordinary | Qualified | Capital Gain | Return of | |||||||||
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 |
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Record Date | Payment Date | Cash | Adjustment | Dividend | Ordinary | Qualified | Capital Gain | Return of | |||||||||
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.
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Contacts
MEDIA:
Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com
INVESTOR RELATIONS:
Jack Switala
(212) 763-9048
kref-ir@kkr.com
