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Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information

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Granite Point Mortgage Trust (NYSE: GPMT) has released its 2024 dividend tax information for common and preferred stock. For common stock, the total distribution per share for 2024 is $0.450000, consisting of quarterly payments: $0.200000 (January), $0.150000 (April), $0.050000 (July), and $0.050000 (October). For preferred Series A stock, the total distribution is $1.750000, with quarterly payments of $0.437500.

The January 2025 distributions ($0.050000 for common and $0.437500 for preferred) will be reported on 2025 Form 1099s. No portion of the 2024 dividend distributions consists of excess inclusion income, qualified dividends, capital gain distributions, or Section 199A dividends. All distributions are classified as nondividend distributions for tax purposes.

Granite Point Mortgage Trust (NYSE: GPMT) ha pubblicato le informazioni fiscali sui dividendi per il 2024 riguardanti le azioni ordinarie e privilegiate. Per le azioni ordinarie, la distribuzione totale per azione per il 2024 è di $0.450000, suddivisa in pagamenti trimestrali: $0.200000 (gennaio), $0.150000 (aprile), $0.050000 (luglio) e $0.050000 (ottobre). Per le azioni privilegiate di serie A, la distribuzione totale è di $1.750000, con pagamenti trimestrali di $0.437500.

Le distribuzioni di gennaio 2025 ($0.050000 per le ordinarie e $0.437500 per le privilegiate) saranno riportate sui moduli 1099 del 2025. Nessuna parte delle distribuzioni sui dividendi del 2024 è considerata come reddito di eccesso inclusivo, dividendi qualificati, distribuzioni di guadagni in conto capitale o dividendi secondo la Sezione 199A. Tutte le distribuzioni sono classificate come distribuzioni non dividendo ai fini fiscali.

Granite Point Mortgage Trust (NYSE: GPMT) ha publicado su información fiscal sobre dividendos para 2024 relacionados con acciones comunes y preferentes. Para las acciones comunes, la distribución total por acción para 2024 es de $0.450000, que consiste en pagos trimestrales: $0.200000 (enero), $0.150000 (abril), $0.050000 (julio) y $0.050000 (octubre). Para las acciones preferentes de la serie A, la distribución total es de $1.750000, con pagos trimestrales de $0.437500.

Las distribuciones de enero de 2025 ($0.050000 para comunes y $0.437500 para preferentes) se informarán en los formularios 1099 de 2025. Ninguna parte de las distribuciones de dividendos de 2024 consiste en ingresos de inclusión excesiva, dividendos calificados, distribuciones de ganancias de capital o dividendos de la Sección 199A. Todas las distribuciones se clasifican como distribuciones no dividendos para fines fiscales.

Granite Point Mortgage Trust (NYSE: GPMT)는 일반 및 우선주에 대한 2024년도 배당세 정보가 발표되었습니다. 일반주에 대해서는 2024년도 주당 총 배당금이 $0.450000으로, 분기별 지급액은 다음과 같습니다: $0.200000(1월), $0.150000(4월), $0.050000(7월), $0.050000(10월). 우선주 A 시리즈에 대해서는 총 배당금이 $1.750000이며, 분기별 지급액은 $0.437500입니다.

2025년 1월 배당금($0.050000 일반주, $0.437500 우선주)은 2025년 1099 양식에 보고될 것입니다. 2024년도 배당금 분배의 어느 부분도 초과 포함 소득, 자격이 있는 배당금, 자본 이득 분배 또는 섹션 199A 배당금으로 구성되지 않습니다. 모든 분배는 세금 목적상 비배당 분배로 분류됩니다.

Granite Point Mortgage Trust (NYSE: GPMT) a publié les informations fiscales sur les dividendes pour 2024 concernant les actions ordinaires et privilégiées. Pour les actions ordinaires, la distribution totale par action pour 2024 est de $0.450000, composée de paiements trimestriels : $0.200000 (janvier), $0.150000 (avril), $0.050000 (juillet) et $0.050000 (octobre). Pour les actions privilégiées de série A, la distribution totale est de $1.750000, avec des paiements trimestriels de $0.437500.

Les distributions de janvier 2025 ($0.050000 pour les actions ordinaires et $0.437500 pour les privilégiées) seront reportées sur les formulaires 1099 de 2025. Aucune partie des distributions de dividendes de 2024 ne consiste en revenus excédentaires, dividendes qualifiés, distributions de gains en capital ou dividendes selon la section 199A. Toutes les distributions sont classées comme des distributions non-dividendes à des fins fiscales.

Granite Point Mortgage Trust (NYSE: GPMT) hat die Steuerinformationen für Dividenden 2024 für Stamm- und Vorzugsaktien veröffentlicht. Für Stammaktien beträgt die Gesamtdistribution pro Aktie für 2024 $0.450000 und setzt sich aus vierteljährlichen Zahlungen zusammen: $0.200000 (Januar), $0.150000 (April), $0.050000 (Juli) und $0.050000 (Oktober). Für die Vorzugsaktien der Serie A beträgt die Gesamtdistribution $1.750000, mit vierteljährlichen Zahlungen von $0.437500.

Die Ausschüttungen für Januar 2025 ($0.050000 für Stammaktien und $0.437500 für Vorzugsaktien) werden auf den Formularen 1099 für 2025 angezeigt. Keiner der Teile der Dividendenausschüttungen für 2024 besteht aus übersteigenden Einnahmen, qualifizierenden Dividenden, Kapitalgewinnausschüttungen oder Ausschüttungen gemäß Abschnitt 199A. Alle Ausschüttungen werden zu Steuerzwecken als Nicht-Dividenden-Ausschüttungen eingestuft.

Positive
  • Consistent quarterly dividend payments maintained throughout 2024
  • No excess inclusion income that could be treated as unrelated business taxable income (UBTI)
Negative
  • Declining common stock dividend amounts throughout 2024 (from $0.200 to $0.050 per quarter)
  • Distributions exceeded earnings and profits for 2024

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2024 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. 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.

Tax Treatment of the Distributions

The Federal income tax classification of Granite Point’s 2024 common and preferred stock distributions as it is expected to be reported on Form 1099-DIV is set forth in the following tables.

Granite Point is required to report the portion of its 2024 dividends that are treated as excess inclusion income for federal income tax purposes, which may be treated as unrelated business taxable income (UBTI) and subject to special tax reporting for certain tax-exempt investors. No portion of Granite Point’s 2024 dividend distributions consist of excess inclusion income.

2024 FORM 1099 – Common Stock (CUSIP #38741L107)

Box 1a Total

Box 1b Total

Box 2a Total

Box 3 Total

Box 5 Total

Distribution Type

Declaration Date

Record Date

Payable Date

2024 Total Distribution Per Share

Adjustments

2024 Ordinary Dividends

2024 Qualified Dividends(3)

2024 Capital Gain Distributions

2024 Nondividend Distributions

2024 Section 199A Dividends(4)

Cash

12/19/2023

12/29/2023

1/16/2024

$0.000000

$0.200000(1)

$0.000000

$0.000000

$0.000000

$0.200000

$0.000000

Cash

3/14/2024

4/1/2024

4/15/2024

$0.150000

$0.000000

$0.000000

$0.000000

$0.000000

$0.150000

$0.000000

Cash

6/18/2024

7/1/2024

7/15/2024

$0.050000

$0.000000

$0.000000

$0.000000

$0.000000

$0.050000

$0.000000

Cash

9/20/2024

10/1/2024

10/15/2024

$0.050000

$0.000000

$0.000000

$0.000000

$0.000000

$0.050000

$0.000000

Cash

12/19/2024

12/31/2024

1/15/2025

$0.050000

$(0.050000)(2)

$0.000000

$0.000000

$0.000000

$0.000000

$0.000000

Totals

$0.300000

$0.150000

$0.000000

$0.000000

$0.000000

$0.450000

$0.000000

(1) Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986, as amended (the "IRC"), cash distributions made on January 16, 2024, with a record date of December 29, 2023, are treated as received by stockholders on December 31, 2023, to the extent of 2023 earnings and profits. As Granite Point's aggregate 2023 cash distributions exceeded its 2023 earnings and profits, the January 2024 cash distribution declared in the fourth quarter of 2023 is treated as a 2024 distribution for federal income tax purposes and was not included on the 2023 Form 1099. If you were a stockholder of record as of December 29, 2023, the $0.200000 dividend payable on January 16, 2024, is reported on your 2024 Form 1099.

(2) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2025, with a record date of December 31, 2024, are treated as received by stockholders on December 31, 2024, to the extent of 2024 earnings and profits. As Granite Point's aggregate 2024 cash distributions exceeded its 2024 earnings and profits, the January 2025 cash distribution declared in the fourth quarter of 2024 is treated as a 2025 distribution for federal income tax purposes and is not included on the 2024 Form 1099. If you were a stockholder of record as of December 31, 2024, the $0.050000 dividend payable on January 15, 2025, will be reported on your 2025 Form 1099.

(3) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates.

(4) Section 199A Dividends shows the portion of the amount in Box 1a that may be eligible for the 20% qualified business income deduction under Section 199. 

 

 

2024 FORM 1099 – Preferred Series A (CUSIP #38741l305)

Box 1a Total

Box 1b Total

Box 2a Total

Box 3 Total

Box 5 Total

Distribution Type

Declaration Date

Record Date

Payable Date

2024 Total Distribution Per Share

Adjustments

2024 Ordinary Dividends

2024 Qualified Dividends(3)

2024 Capital Gain Distributions

2024 Nondividend Distributions

2024 Section 199A Dividends(4)

Cash

12/19/2023

12/29/2023

1/16/2024

$0.000000

$0.437500(1)

$0.000000

$0.000000

$0.000000

$0.437500

$0.000000

Cash

3/14/2024

4/1/2024

4/15/2024

$0.437500

$0.000000

$0.000000

$0.000000

$0.000000

$0.437500

$0.000000

Cash

6/18/2024

7/1/2024

7/15/2024

$0.437500

$0.000000

$0.000000

$0.000000

$0.000000

$0.437500

$0.000000

Cash

9/20/2024

10/1/2024

10/15/2024

$0.437500

$0.000000

$0.000000

$0.000000

$0.000000

$0.437500

$0.000000

Cash

12/19/2024

12/31/2024

1/15/2025

$0.437500

$(0.437500)(2)

$0.000000

$0.000000

$0.000000

$0.000000

$0.000000

Totals

$1.750000

$0.000000

$0.000000

$0.000000

$0.000000

$1.750000

$0.000000

(1) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 16, 2024, with a record date of December 29, 2023, are treated as received by stockholders on December 31, 2023, to the extent of 2023 earnings and profits. As Granite Point's aggregate 2023 cash distributions exceeded its 2023 earnings and profits, the January 2024 cash distribution declared in the fourth quarter of 2023 is treated as a 2024 distribution for federal income tax purposes and was not included on the 2023 Form 1099. If you were a stockholder of record as of December 29, 2023, the $0.437500 dividend payable on January 16, 2024, is reported on your 2024 Form 1099.

(2) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2025, with a record date of December 31, 2024, are treated as received by stockholders on December 31, 2024, to the extent of 2024 earnings and profits. As Granite Point's aggregate 2024 cash distributions exceeded its 2024 earnings and profits, the January 2025 cash distribution declared in the fourth quarter of 2024 is treated as a 2025 distribution for federal income tax purposes and is not included on the 2024 Form 1099. If you were a stockholder of record as of December 31, 2024, the $0.437500 dividend payable on January 15, 2025, will be reported on your 2025 Form 1099.

(3) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates.

(4) Section 199A Dividends shows the portion of the amount in Box 1a that may be eligible for the 20% qualified business income deduction under Section 199.

Pursuant to the IRC of 1986, dividends declared by a real estate investment trust (REIT) during the last three months of a calendar year that are payable to stockholders of record on a specified date in such three-month period, but which are actually paid during January of the following calendar year, are considered paid on December 31st of the calendar year in which the dividends were declared, to the extent of the REIT’s distributable earnings and profits.

Consult Your Tax Advisor

Stockholders may have additional reporting obligations to the Internal Revenue Service and/or other tax authorities.

The U.S. federal income tax treatment of holding Granite Point common and preferred stock to any particular stockholder will depend on the stockholder’s particular tax circumstances. You are urged to consult your tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to you, in light of your particular investment or tax circumstances, of acquiring, holding and disposing of Granite Point common and preferred stock.

Granite Point does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Please consult your advisor as to any tax, accounting or legal statements made herein.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY. Additional information is available at www.gpmtreit.com.

Additional Information

Stockholders of Granite Point and other interested persons may find additional information regarding the Company at the Securities and Exchange Commission’s Internet site at www.sec.gov or by directing requests to: Granite Point Mortgage Trust Inc., 3 Bryant Park, 24th floor, New York, NY 10036, telephone (212) 364-5500.

Investors: Chris Petta, Investor Relations, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com.

Source: Granite Point Mortgage Trust Inc.

FAQ

What is GPMT's common stock dividend payment schedule for 2024?

GPMT's common stock dividends for 2024 are: $0.200 (January 16), $0.150 (April 15), $0.050 (July 15), and $0.050 (October 15).

What is the total dividend distribution for GPMT preferred Series A stock in 2024?

The total preferred Series A stock distribution for 2024 is $1.750 per share, paid in quarterly installments of $0.437500.

How are GPMT's 2024 dividends classified for tax purposes?

All of GPMT's 2024 dividends are classified as nondividend distributions, with no qualified dividends, capital gain distributions, or Section 199A dividends.

When will GPMT's January 2025 dividend be reported for tax purposes?

The January 2025 dividend ($0.050 for common stock and $0.437500 for preferred stock) will be reported on the 2025 Form 1099, not the 2024 Form 1099.

Granite Point Mortgage Trust Inc.

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