KKR Real Estate Finance Trust Inc. Tax Treatment of 2022 Dividends

Rhea-AI Summary

KKR Real Estate Finance Trust Inc. (KREF) has announced the tax treatment of its 2022 common stock and 6.50% Series A Cumulative Redeemable Preferred Stock dividends. The company paid out total dividends of $2.15 per common share, with adjustments reflecting earnings and profits. Notably, dividends included $0.43 per share on four occasions throughout the year, with the last payment made on January 13, 2023. The Series A Preferred Stock dividends totaled $1.63, also distributed quarterly. Shareholders are advised to consult their tax advisors regarding the tax implications of the distributions.

Positive

• Total common stock dividends paid were $2.15 per share for the year.
• Consistent dividend payments of $0.43 per share in each quarter, indicating stability in cash distributions.
• Series A Preferred Stock dividends totaled $1.63, reinforcing shareholder income.

Negative

• Adjustment for dividends indicates a reduction of $0.41, which may raise concerns about earnings sustainability.

NEW YORK--(BUSINESS WIRE)-- KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced the tax treatment of its 2022 common stock and 6.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and Series A Preferred Stock dividend payments for the tax year ended December 31, 2022:

Tax Treatment of 2022 Common Stock Dividends
Record Date		Payment Date		Cash Distribution		Adjustment		Dividend(1)		Ordinary Dividends(2)		Qualified Dividends		Capital Gain Dividends
December 31, 2021		January 14, 2022		$0.43		($0.23)		$0.20		$0.20000		$0.00000		$0.00000
March 31, 2022		April 15, 2022		$0.43		$0.00		$0.43		$0.43000		$0.00000		$0.00000
June 30, 2022		July 15, 2022		$0.43		$0.00		$0.43		$0.43000		$0.00000		$0.00000
September 30, 2022		October 14, 2022		$0.43		$0.00		$0.43		$0.43000		$0.00000		$0.00000
December 30, 2022		January 13, 2023		$0.43		($0.18)		$0.25		$0.25000		$0.00000		$0.00000
				$2.15		($0.41)		$1.74		$1.74000		$0.00000		$0.00000

(1)		Pursuant to IRC Section 857(b)(9), cash distributions made on January 13, 2023 with a record date of December 30, 2022 are treated as received by shareholders on December 31, 2022 to the extent of 2022 earnings and profits.
(2)		Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

Tax Treatment of 2022 Series A Preferred Stock Dividends
Record Date		Payment Date		Cash Distribution		Adjustment		Dividend		Ordinary Dividends(1)		Qualified Dividends		Capital Gain Dividends
February 28, 2022		March 15, 2022		$0.41		$0.00		$0.41		$0.40625		$0.00000		$0.00000
May 31, 2022		June 15, 2022		$0.41		$0.00		$0.41		$0.40625		$0.00000		$0.00000
August 31, 2022		September 15, 2022		$0.41		$0.00		$0.41		$0.40625		$0.00000		$0.00000
November 30, 2022		December 15, 2022		$0.41		$0.00		$0.41		$0.40625		$0.00000		$0.00000
				$1.63		$0.00		$1.63		$1.62500		$0.00000		$0.00000

(1)

Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

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/20230131006063/en/

MEDIA CONTACT:

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 total dividend paid by KREF in 2022?

KKR Real Estate Finance Trust Inc. paid a total dividend of $2.15 per common share in 2022.

When was the last dividend payment date for KREF?

The last dividend payment for KREF was on January 13, 2023.

What was the cash distribution for KREF common stock dividends?

The cash distribution for KREF common stock dividends was $0.43 per share each quarter.

How much was paid out for Series A Preferred Stock dividends?

KREF paid out $1.63 in dividends for Series A Preferred Stock for the year 2022.

What tax treatment applies to KREF dividends?

KREF dividends may be subject to different tax treatments; shareholders should consult their tax advisors for specifics.