KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend

Rhea-AI Summary

KKR Real Estate Finance Trust (KREF) announced a dividend of $0.266319 per share on its 6.50% Series A Cumulative Redeemable Preferred Stock, amounting to an annual dividend of $1.625 per share. This payment is scheduled for June 15, 2021, for stockholders of record as of May 31, 2021. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is externally managed by an affiliate of KKR & Co.

Positive

• Declared a dividend of $0.266319 per share, indicating stable returns for preferred stockholders.
• Annual dividend rate of $1.625 demonstrates the company's commitment to shareholder income.

Negative

• None.

KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend of $0.266319 per each issued and outstanding share of the Company’s 6.50% Series A Cumulative Redeemable Preferred Stock, which represents an annual dividend of $1.625 per share. The dividend is payable on June 15, 2021 to KREF’s preferred stockholders of record as of May 31, 2021.

About KKR Real Estate Finance Trust Inc.

KKR Real Estate Finance Trust Inc. (NYSE: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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company or are within its control. The forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statements except as required by law. Information about factors affecting the Company and the forward-looking statements is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other filings with the Securities and Exchange Commission, which are available at www.sec.gov.

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FAQ

What is the dividend amount for KREF's preferred stock in 2021?

The dividend amount declared for KREF's preferred stock is $0.266319 per share.

When is the KREF dividend payable?

The KREF dividend is payable on June 15, 2021.

What is the annual dividend for KREF's preferred stock?

The annual dividend for KREF's preferred stock is $1.625 per share.

Who are the stockholders of record for KREF's dividend?

The stockholders of record for KREF's dividend are those as of May 31, 2021.