BrightSpire Capital, Inc.; Tax Treatment of 2022 Dividends

Rhea-AI Summary

BrightSpire Capital (NYSE: BRSP) has announced the tax treatment of its 2022 common stock dividends, revealing various amounts distributed for the tax year ending December 31, 2022. Notably, $0.770 per share in total distributions was recorded, with $0.636693 as taxable ordinary dividends. The company clarified that the dividend declared on December 14, 2022, will be treated as a 2023 distribution for tax purposes. Stockholders are advised to review their 2022 tax statements and consult tax professionals for individual implications. The company focuses on commercial real estate credit and is organized as a Maryland corporation, taxed as a REIT.

Positive

• Total dividend distributed of $0.770 per share for 2022.
• Confidence in sustaining dividends reflects positively on shareholder income.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) announced the tax treatment of its 2022 common stock dividends. The following table summarizes BrightSpire Capital’s common stock dividend payments for the tax year ended December 31, 2022.

Class of Stock	CUSIP		Record Date		Payment Date		Amount Distributed			Taxable Ordinary Dividends			Qualified Dividends [1]			199A Dividends [2]			Return of Capital
Common	10949T 109		12/31/2021		1/14/2022		$	0.180000		$	0.148837		$	0.016424		$	0.132413		$	0.031163
Common	10949T 109		3/31/2022		4/15/2022		$	0.190000		$	0.157106		$	0.017337		$	0.139769		$	0.032894
Common	10949T 109		6/30/2022		7/15/2022		$	0.200000		$	0.165375		$	0.018249		$	0.147126		$	0.034625
Common	10949T 109		9/30/2022		10/14/2022		$	0.200000		$	0.165375		$	0.018249		$	0.147126		$	0.034625
							$	0.770000		$	0.636693		$	0.070259		$	0.566434		$	0.133307
[1] - Qualified Dividends are included in Taxable Ordinary Dividends
[2] - 199A Dividends are included in Taxable Ordinary Dividends

Common stock distribution declared on November 3, 2021, with a record date of December 31, 2021, is considered a 2022 distribution for federal income tax purposes. Common stock distribution declared on December 14, 2022, with a record date of December 31, 2022, is considered a 2023 distribution for federal income tax purposes.

This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by BrightSpire Capital. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided above. Stockholders may also have additional reporting obligations to the Internal Revenue Service and/or other tax authorities. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences. BrightSpire Capital does not provide tax, accounting or legal advice.

About BrightSpire Capital, Inc.

BrightSpire Capital, Inc. (NYSE: BRSP) is internally managed and one of the largest publicly traded commercial real estate (CRE) credit REITs, focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE debt investments primarily consist of first mortgage loans, which we expect to be the primary investment strategy. BrightSpire Capital is organized as a Maryland corporation and taxed as a REIT for U.S. federal income tax purposes. For additional information regarding the Company and its management and business, please refer to www.brightspire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230206005195/en/

Investor Relations

BrightSpire Capital, Inc.

Addo Investor Relations

Anne McGuinness

310-829-5400

brsp@addo.com

Source: BrightSpire Capital, Inc.

FAQ

What is the total dividend amount distributed by BrightSpire Capital (BRSP) for 2022?

BrightSpire Capital distributed a total of $0.770 per share for 2022.

When was the record date for the 2022 dividends for BRSP?

The record date for the 2022 dividends was December 31, 2022.

What is the tax treatment of the dividends declared by BrightSpire Capital (BRSP)?

The dividends declared are subject to taxation, with $0.636693 classified as taxable ordinary dividends.

How should BRSP shareholders report dividends for tax purposes?

Shareholders should review their 2022 tax statements from brokerage firms and may need to consult a tax advisor for reporting.

When are the dividends declared on December 14, 2022, considered taxable?

Dividends declared on December 14, 2022, are considered a 2023 distribution for federal income tax purposes.