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