NEW YORK, Jan. 25, 2019 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2018 class A common stock dividends. The following
table summarizes Blackstone Mortgage Trust's class A common stock dividend payments for the tax year ended December 31, 2018:
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Record
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Payment
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Cash
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Ordinary
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Qualified
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Capital Gain
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Date
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Date
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Distribution
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Adjustment
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Dividend (1)
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Dividends (2)
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Dividends
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Dividends
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12/29/2017
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1/16/2018
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$ 0.00
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$ 0.21
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$ 0.21(3)
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|
$0.209380
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$0.000000
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$0.000620
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3/30/2018
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4/16/2018
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$ 0.62
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$ 0.00
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|
$ 0.62
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$0.618168
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$0.000000
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$0.001832
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6/29/2018
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7/16/2018
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$ 0.62
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$ 0.00
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$ 0.62
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$0.618168
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|
$0.000000
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$0.001832
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9/28/2018
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10/15/2018
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$ 0.62
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$ 0.00
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$ 0.62
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$0.618168
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$0.000000
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$0.001832
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12/31/2018
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1/15/2019
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$ 0.62
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$ 0.00
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$ 0.62
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$0.618168
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|
$0.000000
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$0.001832
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|
|
|
|
|
|
|
|
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|
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|
|
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$ 2.48
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$ 0.21
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$ 2.69
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$2.682052
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$0.000000
|
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$0.007948
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(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January
15, 2019 with a record date of December 31, 2018 are treated as received by shareholders on December 31, 2018 to the
extent of 2018 earnings and profits.
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(2) Ordinary dividends may be eligible for the 20% deduction applicable to
"qualified REIT dividends" under IRC Section 199A(b)(1)(B). Please consult your tax advisor.
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(3) As the Company's aggregate 2017 cash distributions exceeded its 2017
earnings and profits, a portion of the January 2018 cash distribution declared in the fourth quarter of 2017 was treated
as a 2018 distribution for federal income tax purposes and not included on the 2017 Form 1099. If you were a stockholder
of record as of December 29, 2017, $0.41 was reported on your 2017 Form 1099 and $0.21 is reported on your 2018 Form
1099.
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About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by
commercial real estate in North America, Europe, and
Australia. Our investment objective is to preserve and protect shareholder capital while
producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. We
are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.
About Blackstone
Blackstone (NYSE:BX) is one of the world's leading investment firms. Blackstone seeks to create positive economic
impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does
this by using extraordinary people and flexible capital to help companies solve problems. Blackstone's asset management
businesses, with $457 billion in assets under management, include investment vehicles focused on
private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a
global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone Mortgage Trust's current
views with respect to, among other things, Blackstone Mortgage Trust's operations and financial performance. You can identify
these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential,"
"continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version
of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those
indicated in these statements. Blackstone Mortgage Trust believes these factors include but are not limited to those described
under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as such factors may be updated from time to time in its periodic filings with the Securities
and Exchange Commission ("SEC") which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in the filings. Blackstone Mortgage Trust assumes no obligation to
update or supplement forward?looking statements that become untrue because of subsequent events or circumstances.
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SOURCE Blackstone Mortgage Trust, Inc.