New Residential Investment Corp. (NYSE:NRZ “New Residential”) today
announced the tax treatment of its 2014 common stock dividend payments.
Common Stock Dividends
During 2014, New Residential’s common stock was listed under two CUSIPs:
CUSIP #64828T102 through the effective date on October 17, 2014 of New
Residential’s 1-for-2 reverse stock split (the “Reverse Split”) of its
common stock, and CUSIP #64828T201 as of October 20, 2014.
The following tables summarize the tax treatment for the 2014 common
stock dividend payments.
2014 Actual Common Stock Dividend Distributions
The information provided below for the dividends paid on the common
stock for the first quarter 2014 to third quarter 2014 has not been
adjusted for the Reverse Split.
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Record
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Pay
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Ordinary
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Qualified
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Long-Term
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Return of
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CUSIP
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Date
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Date
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Distribution
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Form
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Dividend
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Dividend(1)
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Capital Gain
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Capital
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#64828T102
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1Q14
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03/31/14
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04/30/14
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0.175000
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Cash
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0.078236
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0.003169
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|
0.096764
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0.000000
|
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2Q14(2)
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06/27/14
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07/31/14
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0.250000
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Cash
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0.240464
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|
0.010306
|
|
0.009536
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|
0.000000
|
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3Q14
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09/29/14
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10/31/14
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|
0.175000
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Cash
|
|
0.168325
|
|
0.007214
|
|
0.006675
|
|
0.000000
|
|
#64828T201
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4Q14(3)
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12/30/14
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01/30/15
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0.380000
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Cash
|
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0.365506
|
|
0.015665
|
|
0.014494
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|
0.000000
|
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(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount.
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(2) 2Q14 dividends include a special cash dividend of
$0.075000 per share.
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(3) The entire 4Q14 common stock dividend is being
treated as received by stockholders and taxable in 2014.
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2014 Split-Adjusted Common Stock Dividend
Distributions
The information provided below for the dividends paid on the common
stock for the first quarter 2014 to third quarter 2014 has been adjusted
for the Reverse Split.
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|
Record
|
|
Pay
|
|
|
|
|
|
Ordinary
|
|
Qualified
|
|
Long-Term
|
|
Return of
|
|
|
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Date
|
|
Date
|
|
Distribution
|
|
Form
|
|
Dividend
|
|
Dividend(1)
|
|
Capital Gain
|
|
Capital
|
|
1Q14
|
|
03/31/14
|
|
04/30/14
|
|
0.350000
|
|
Cash
|
|
0.156472
|
|
0.006338
|
|
0.193528
|
|
0.000000
|
|
2Q14(2)
|
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06/27/14
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07/31/14
|
|
0.500000
|
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Cash
|
|
0.480928
|
|
0.020612
|
|
0.019072
|
|
0.000000
|
|
3Q14
|
|
09/29/14
|
|
10/31/14
|
|
0.350000
|
|
Cash
|
|
0.336650
|
|
0.014428
|
|
0.013350
|
|
0.000000
|
|
4Q14(3)
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12/30/14
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01/30/15
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0.380000
|
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Cash
|
|
0.365506
|
|
0.015665
|
|
0.014494
|
|
0.000000
|
|
|
|
|
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Total
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1.580000
|
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Cash
|
|
1.339556
|
|
0.057043
|
|
0.240444
|
|
0.000000
|
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(1) Qualified Dividend is a subset of, and included in,
the Ordinary Dividend amount.
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(2) 2Q14 dividends include a special cash dividend of $0.150000
per share.
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(3) The entire 4Q14 common stock dividend is being
treated as received by stockholders and taxable in 2014.
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The data provided in this press release is provided for informational
purposes only and does not constitute tax advice. Stockholders are urged
to consult their own tax advisors regarding any issues or decisions
regarding the proper tax treatment of their shares of New Residential.
ABOUT NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and actively
managing, investments related to residential real estate. The Company
primarily targets investments in: (1) excess mortgage servicing rights
(“MSRs”), (2) residential mortgage backed securities (“RMBS”) and
non-Agency RMBS call rights, as well as (3) other related opportunistic
investments. New Residential is organized and conducts its operations to
qualify as a real estate investment trust (“REIT”) for federal income
tax purposes. The Company is managed by an affiliate of Fortress
Investment Group LLC, a global investment management firm.
Copyright Business Wire 2015