KKR Real Estate Finance Trust Inc. Tax Treatment of 2021 Series A Preferred Stock Dividends

Rhea-AI Summary

KKR Real Estate Finance Trust Inc. (KREF) has announced the tax treatment for its 2021 Series A Cumulative Redeemable Preferred Stock dividends. The dividends for the year totaled $1.078816 per share, with ordinary dividends of $1.069301 per share, consisting of qualified dividends eligible for tax deductions. Shareholders are advised to consult their tax professionals regarding specific dividend tax treatments. The payment dates ranged from June 15 to December 15, 2021, impacting shareholder income positively.

Positive

• Total dividends per share reached $1.078816, enhancing shareholder income.
• Ordinary dividends of $1.069301 per share 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 6.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) dividends. The following table summarizes KREF’s Series A Preferred Stock dividend payments for the tax year ended December 31, 2021:

Record Date		Payment Date		Dividend per Share		Ordinary Dividends per Share(1)		Qualified Dividends per Share		Capital Gain Dividends per Share
May 31, 2021		June 15, 2021		$0.266319		$0.263970		$0.003086		$0.002349
September 17, 2021		September 27, 2021		$0.460417		$0.456356		$0.005336		$0.004061
November 30, 2021		December 15, 2021		$0.352080		$0.348975		$0.004080		$0.003105
				$1.078816		$1.069301		$0.012502		$0.009515
(1) 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/20220321005897/en/

MEDIA:

Cara Major or Miles Radcliffe-Trenner

(212) 750-8300

media@kkr.com

INVESTOR RELATIONS:

Jack Switala

(212) 763-9048

kref-ir@kkr.com

Source: KKR Real Estate Finance Trust Inc.

FAQ

What is the total dividend amount for KREF in 2021?

The total dividend amount for KREF in 2021 was $1.078816 per share.

When were KREF's dividends paid in 2021?

KREF's dividends were paid on June 15, September 27, and December 15, 2021.

What tax benefits do KREF dividends provide?

KREF dividends are eligible for a 20% deduction under IRC Section 199A(b)(1)(B).

What are the ordinary dividends per share for KREF in 2021?

The ordinary dividends per share for KREF in 2021 were $1.069301.