AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the “Company”), a real
estate investment trust (REIT), announced today the tax treatment of
common and preferred stock dividends declared in 2013. This information
is provided to assist stockholders with tax reporting requirements
related to dividend distributions of taxable income by the Company.
Stockholders should review the 2013 tax statements received from their
brokerage firms or other institutions to ensure that the statements
agree with the information provided below. Also, as each stockholder’s
tax situation may be different, stockholders are encouraged to consult
with their own professional tax advisor with respect to their specific
tax treatment of the Company’s dividend distributions.
During 2013, the Company did not generate qualified dividends income.
Additionally, because the Company is a REIT, dividends declared in the
last month of a calendar year with a record date in that calendar year,
but which are payable in January of the following year, are considered
paid for Form 1099 reporting purposes on the record date, not on the
payable date, to the extent the REIT has any remaining undistributed
earnings and profits (as computed for income tax purposes) as of
December 31 of that calendar year.
The Company's dividend distributions per share of common stock (CUSIP
#001228105) are to be classified for income tax purposes as follows:
|
Security
Description
|
|
Declaration Date
|
|
Record Date
|
|
Payable Date
|
|
2013
Distribution
Per Share
|
|
2013
Ordinary
Dividends
|
|
2013 Capital Gains
|
|
Common Stock
|
|
12/05/2013
|
|
12/18/2013
|
|
1/27/2014
|
|
$0.60
|
|
$0.60
|
|
$0.00
|
|
Common Stock
|
|
9/09/2013
|
|
9/19/2013
|
|
10/28/2013
|
|
$0.60
|
|
$0.60
|
|
$0.00
|
|
Common Stock
|
|
6/06/2013
|
|
6/18/2013
|
|
7/26/2013
|
|
$0.80
|
|
$0.80
|
|
$0.00
|
|
Common Stock
|
|
3/05/2013
|
|
3/18/2013
|
|
4/26/2013
|
|
$0.80
|
|
$0.80
|
|
$0.00
|
|
Totals
|
|
$2.80
|
|
$2.80
|
|
$0.00
|
|
|
|
|
|
|
|
|
The distributions per share of Series A 8.25% Cumulative Redeemable
Preferred Stock (CUSIP #001228204) are to be classified for income tax
purposes as follows:
|
Security Description
|
|
Declaration Date
|
|
Record Date
|
|
Payable Date
|
|
2013
Distribution
Per Share
|
|
2013 Ordinary
Dividends
|
|
2013 Capital
Gains
|
|
Series A Preferred
|
|
11/14/2013
|
|
11/29/2013
|
|
12/17/2013
|
|
$0.51563
|
|
$0.51563
|
|
$0.00
|
|
Series A Preferred
|
|
8/15/2013
|
|
8/30/2013
|
|
9/17/2013
|
|
$0.51563
|
|
$0.51563
|
|
$0.00
|
|
Series A Preferred
|
|
5/14/2013
|
|
5/31/2013
|
|
6/17/2013
|
|
$0.51563
|
|
$0.51563
|
|
$0.00
|
|
Series A Preferred
|
|
2/14/2013
|
|
2/28/2012
|
|
3/18/2013
|
|
$0.51563
|
|
$0.51563
|
|
$0.00
|
|
Totals
|
|
$2.06252
|
|
$2.06252
|
|
$0.00
|
|
|
|
|
|
|
|
|
The distributions per share of Series B 8.00% Cumulative Redeemable
Preferred Stock (CUSIP #001228303) are to be classified for income tax
purposes as follows:
|
Security Description
|
|
Declaration
Date
|
|
Record Date
|
|
Payable Date
|
|
2013
Distribution
Per Share
|
|
2013 Ordinary
Dividends
|
|
2013 Capital
Gains
|
|
Series B Preferred
|
|
11/14/2013
|
|
11/29/2013
|
|
12/17/2013
|
|
$0.50
|
|
$0.50
|
|
$0.00
|
|
Series B Preferred
|
|
8/15/2013
|
|
8/30/2013
|
|
9/17/2013
|
|
$0.50
|
|
$0.50
|
|
$0.00
|
|
Series B Preferred
|
|
5/14/2013
|
|
5/31/2013
|
|
6/17/2013
|
|
$0.50
|
|
$0.50
|
|
$0.00
|
|
Series B Preferred
|
|
2/14/2013
|
|
2/28/2012
|
|
3/18/2013
|
|
$0.50
|
|
$0.50
|
|
$0.00
|
|
Totals
|
|
|
|
|
|
|
|
$2.00
|
|
$2.00
|
|
$0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a real estate investment trust
that invests in, acquires and manages a diversified portfolio of
residential mortgage assets, other real estate-related securities and
financial assets. AG Mortgage Investment Trust, Inc. is externally
managed and advised by AG REIT Management, LLC, a subsidiary of Angelo,
Gordon & Co., L.P., an SEC-registered investment adviser that
specializes in alternative investment activities.
Copyright Business Wire 2014