KKR Real Estate Finance Trust Inc. Tax Treatment of 2024 Dividends

NEW YORK--(BUSINESS WIRE)-- KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced the tax treatment of its 2024 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, 2024:

Tax Treatment of 2024 Common Stock Dividends
Record Date		Payment Date		Cash Distribution		Adjustment		Total Distribution		Ordinary Dividends		Qualified Dividends		Capital Gain Dividends		Return of Capital
December 29, 2023		January 12, 2024		$0.43000		$0.00000		$0.43000		$0.00000		$0.00000		$0.00000		$0.43000
March 28, 2024		April 15, 2024		$0.25000		$0.00000		$0.25000		$0.00000		$0.00000		$0.00000		$0.25000
June 28, 2024		July 15, 2024		$0.25000		$0.00000		$0.25000		$0.00000		$0.00000		$0.00000		$0.25000
September 30, 2024		October 15, 2024		$0.25000		$0.00000		$0.25000		$0.00000		$0.00000		$0.00000		$0.25000
				$1.18000		$0.00000		$1.18000		$0.00000		$0.00000		$0.00000		$1.18000

Tax Treatment of 2024 Series A Preferred Stock Dividends
Record Date		Payment Date		Cash Distribution		Adjustment		Total Distribution		Ordinary Dividends(1)		Qualified Dividends		Capital Gain Dividends		Return of Capital
February 29, 2024		March 15, 2024		$0.40625		$0.00000		$0.40625		$0.37597		$0.00000		$0.00000		$0.03028
May 31, 2024		June 14, 2024		$0.40625		$0.00000		$0.40625		$0.37597		$0.00000		$0.00000		$0.03028
August 30, 2024		September 13, 2024		$0.40625		$0.00000		$0.40625		$0.37597		$0.00000		$0.00000		$0.03028
November 29, 2024		December 13, 2024		$0.40625		$0.00000		$0.40625		$0.37597		$0.00000		$0.00000		$0.03028
				$1.62500		$0.00000		$1.62500		$1.50388		$0.00000		$0.00000		$0.12112

(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.

KKR Real Estate Finance Trust Inc. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250131879601/en/

Investor Relations:

Jack Switala

(212) 763-9048

kref-ir@kkr.com

Media:

Miles Radcliffe-Trenner

Tel: (212) 750-8300

media@kkr.com

Source: KKR Real Estate Finance Trust Inc.