NEW YORK, January 31, 2023–(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:
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Tax Treatment of 2022 Common Stock Dividends |
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|
Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
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|
December 31, 2021 |
January 14, 2022 |
$0.43 |
($0.23) |
$0.20 |
$0.20000 |
$0.00000 |
$0.00000 |
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|
March 31, 2022 |
April 15, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
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|
June 30, 2022 |
July 15, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
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|
September 30, 2022 |
October 14, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
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|
December 30, 2022 |
January 13, 2023 |
$0.43 |
($0.18) |
$0.25 |
$0.25000 |
$0.00000 |
$0.00000 |
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|
$2.15 |
($0.41) |
$1.74 |
$1.74000 |
$0.00000 |
$0.00000 |
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|
(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 |
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|
Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend |
Ordinary Dividends(1) |
Qualified Dividends |
Capital Gain Dividends |
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|
February 28, 2022 |
March 15, 2022 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
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|
May 31, 2022 |
June 15, 2022 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
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|
August 31, 2022 |
September 15, 2022 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
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|
November 30, 2022 |
December 15, 2022 |
$0.41 |
$0.00 |
$0.41 |
$0.40625 |
$0.00000 |
$0.00000 |
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|
$1.63 |
$0.00 |
$1.63 |
$1.62500 |
$0.00000 |
$0.00000 |
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|
(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 CONTACT:
Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com
INVESTOR RELATIONS CONTACT:
Jack Switala
(212) 763-9048
kref-ir@kkr.com