KKR Real Estate Finance Trust Inc. Tax Treatment of 2021 Dividends

Rhea-AI Summary

KKR Real Estate Finance Trust announced the tax treatment of its 2021 dividends. For the tax year ending December 31, 2021, the total cash distribution was $2.15, with ordinary dividends amounting to $1.52. Shareholders received $0.43 per share on four occasions: January 14, April 15, July 15, and October 15, 2021. Shareholders should consult tax advisors regarding their specific dividend tax treatment, particularly concerning qualified REIT dividends eligible for a 20% deduction under IRC Section 199A.

Positive

• $2.15 total cash distribution for 2021 dividends.
• Ordinary dividends of $1.52 are eligible for a 20% tax deduction.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its 2021 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2021:

Tax Treatment of 2021 Dividends
Record Date		Payment Date		Cash Distribution		Adjustment			Dividend(1)		Ordinary Dividends(2)		Qualified Dividends		Capital Gain Dividends
December 31, 2020		January 15, 2021		$0.43		($0.43	)		$0.00		$0.0000		$0.0000		$0.0000
March 31, 2021		April 15, 2021		$0.43		$0.00			$0.43		$0.4262		$0.0050		$0.0038
June 30, 2021		July 15, 2021		$0.43		$0.00			$0.43		$0.4262		$0.0050		$0.0038
September 30, 2021		October 15, 2021		$0.43		$0.00			$0.43		$0.4262		$0.0050		$0.0038
December 31, 2021		January 14, 2022		$0.43		($0.20	)		$0.23		$0.2280		$0.0027		$0.0020
				$2.15		($0.63	)		$1.52		$1.5066		$0.0177		$0.0134

⁽¹⁾ Pursuant to IRC Section 857(b)(9), cash distributions made on January 14, 2022 with a record date of December 31, 2021 are treated as received by shareholders on December 31, 2021 to the extent of 2021 earnings and profits.
⁽²⁾ Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B).

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividends.

About KKR Real Estate Finance Trust Inc.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005721/en/

MEDIA CONTACT:

Cara Major or Miles Radcliffe-Trenner

(212) 750-8300

media@kkr.com



INVESTOR RELATIONS CONTACT:

Jack Switala

(212) 763-9048

kref-ir@kkr.com

Source: KKR Real Estate Finance Trust Inc.

FAQ

What is the dividend amount for KREF in 2021?

KKR Real Estate Finance Trust distributed a total of $2.15 in dividends for the tax year 2021.

When were KREF's 2021 dividends paid?

KREF's dividends were paid on January 14, April 15, July 15, and October 15, 2021.

What is the tax treatment of KREF's dividends?

The dividends are treated as ordinary dividends, with a portion eligible for a 20% deduction as qualified REIT dividends under IRC Section 199A.

How can KREF shareholders determine their dividend tax treatment?

Shareholders should consult their personal tax advisors regarding the specific tax treatment of KREF dividends.