NEW YORK--(BUSINESS WIRE)--
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.
