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 |
|
| Record Date |
|
Payment Date |
|
Cash
Distribution |
|
Adjustment |
|
Total
Distribution |
|
Ordinary
Dividends(1) |
|
Qualified
Dividends |
|
Capital Gain
Dividends |
|
Return of
Capital |
|
| 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 |
|
| Record Date |
|
Payment Date |
|
Cash
Distribution |
|
Adjustment |
|
Dividend |
|
Ordinary
Dividends(1) |
|
Qualified
Dividends |
|
Capital Gain
Dividends |
|
Return of
Capital |
|
| 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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