Broadmark Realty Capital Announces 2022 Tax Treatment of Dividends

Rhea-AI Summary

Broadmark Realty Capital announced the tax treatment for its 2022 cash dividends on common stock (NYSE: BRMK). Stockholders are advised to consult tax advisors for specifics. The total dividend for the year was $0.81 per share, with $0.43 classified as ordinary dividends and $0.38 as return of capital. Monthly dividends of $0.070 per share were consistently paid from January to October 2022, with a reduced payment of $0.035 in November. Key payment dates ranged from January 14, 2022, to December 15, 2022, highlighting the company’s commitment to providing returns to its shareholders.

Positive

• Total dividends of $0.81 per share for 2022 enhance shareholder income.
• Consistent monthly dividend payments demonstrate financial stability.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced the tax treatment of its 2022 cash dividends on the Company’s common stock, as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividends.

Common Stock (CUSIP #11135B100)
		Record Date		Payment Date		Form		Total Dividend Per Share			Ordinary Dividend Per Share			Qualified Dividend Per Share			Capital Gain Dividend Per Share			Return of Capital Per Share		Section 199A Dividend Per Share(1)
Dec-21		12/31/2021		1/14/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Jan-22		1/31/2022		2/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Feb-22		2/28/2022		3/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Mar-22		3/31/2022		4/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Apr-22		4/29/2022		5/16/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
May-22		5/31/2022		6/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Jun-22		6/30/2022		7/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Jul-22		7/29/2022		8/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Aug-22		8/31/2022		9/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Sep-22		9/30/2022		10/17/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Oct-22		10/31/2022		11/15/2022		Cash		$	0.070		$	0.037288			-			-		$	0.032712	$	0.037288
Nov-22		11/30/2022		12/15/2022		Cash		$	0.035		$	0.018644			-			-		$	0.016356	$	0.018644
						Totals		$	0.81		$	0.43		$	-		$	-		$	0.38	$	0.43
(1) These amounts are included in the Ordinary Dividend Per Share column.

Forward Looking Statements

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These statements are based on the current expectations and are not predictions of actual performance. In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company’s overall business, including those more fully described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

About Broadmark Realty Capital

Broadmark Realty Capital Inc. (NYSE: BRMK) is a specialty real estate finance company, providing financing solutions generally in the $5 to $75 million range per transaction. The company provides smart, reliable, rapid solutions across the entire debt capital stack, including senior, subordinate, and participation investments with fixed and floating rate structures available. Broadmark invests in a variety of new construction and existing properties across all asset classes throughout the United States, including hotel, industrial, medical, mixed-use, office, retail, self-storage, warehouse, multifamily, senior living, student housing, condos, larger scaled single-family, townhome, and multiplex. It has the competitive advantage of being an internally managed balance sheet lender, and the company’s proactive approach delivers dedicated in-house underwriting, asset management, loan servicing, and draw administration.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006048/en/

Investor Relations

InvestorRelations@broadmark.com

206-623-7782

Source: Broadmark Realty Capital Inc.

FAQ

What is the total dividend amount for Broadmark Realty Capital in 2022?

The total dividend amount for 2022 was $0.81 per share.

When were the dividends paid to shareholders in 2022?

Dividends were paid monthly from January 14, 2022, to December 15, 2022.

What portion of the dividend is classified as ordinary dividends?

$0.43 per share is classified as ordinary dividends.

What is the return of capital amount for the 2022 dividends?

The return of capital amount for the 2022 dividends is $0.38 per share.

How should shareholders treat the dividends for tax purposes?

Shareholders are advised to consult their personal tax advisors regarding the tax treatment of the dividends.