Claros Mortgage Trust, Inc. Announces Tax Treatment of 2022 Dividends
Record
|
Payment
|
Cash
|
Adjustment |
Dividend (1) |
Ordinary
|
Qualified
|
Capital Gain
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( |
|
|
|
|
|
|
|
( |
|
|
|
|
-
Pursuant to IRC Section 857(b)(9), cash distributions made on
January 13, 2023 with a record date ofDecember 30, 2022 are treated as received by shareholders onDecember 31, 2022 to the extent of 2022 earnings and profits. As the Company’s aggregate 2022 dividends declared exceeded its 2022 earnings and profits, a portion of theJanuary 2023 cash distribution declared in the fourth quarter of 2022 was treated as a 2023 distribution for federal income tax purposes and not included on the 2022 Form 1099. If you were a shareholder of record as ofDecember 30, 2022 , is reported on your 2022 Form 1099 and$0.09 will be reported on your 2023 Form 1099.$0.28 -
Ordinary dividends that are "qualified REIT dividends" are eligible for the
20% deduction under IRC Section 199A(b)(1)(B). Shareholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions. -
As the Company’s aggregate 2021 dividends declared exceeded its 2021 earnings and profits, a portion of the
January 2022 cash distribution declared in the fourth quarter of 2021 was treated as a 2022 distribution for federal income tax purposes and not included on the 2021 Form 1099. If you were a stockholder of record as ofDecember 31, 2021 , is reported on your 2022 Form 1099 and$0.21 was reported on your 2021 Form 1099.$0.16
About
CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230202005864/en/
Investor Relations:
212-484-0090
cmtgIR@mackregroup.com
Media Relations:
Financial Profiles
203-613-1552
Kmcandrew@finprofiles.com
Source: