AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2021 Dividends
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the tax treatment of its 2021 common and preferred stock dividends. This announcement aims to assist stockholders with tax reporting requirements for their taxable income. Important details include dividend amounts and classifications for tax purposes following a reverse stock split completed on July 22, 2021. Stockholders should refer to their tax documents for verification and may consult tax advisors for personalized guidance.
- None.
- None.
Stockholders should review the 2021 tax statements and/or Form 1099-DIV received from their brokerage firms or other institutions to ensure those statements agree with the information provided below. Also, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their professional tax advisor with respect to their individual tax reporting positions regarding the Company’s dividends.
Common Stock
As a result of the Company’s one-for-three reverse stock split (the “Reverse Split”) completed following the close of business on
(1) CUSIP #001228105, effective from
(2) CUSIP #001228501, effective from
The Company's distributions per share on its common stock are to be classified for income tax purposes as detailed in the below table. The Company’s common stock dividend paid on
The information in the table below for the dividends paid during the period from
Record
|
Payable
|
2021 Distribution
|
2021 Ordinary
|
2021 Qualified
|
2021 Return
|
2021 Capital
|
Section 199A
|
||||||
CUSIP #001228105 (2) |
|||||||||||||
|
|
$ |
0.03 |
$ |
0.00 |
$ |
0.00 |
$ |
0.03 |
$ |
0.00 |
$ |
0.00 |
|
|
$ |
0.06 |
$ |
0.00 |
$ |
0.00 |
$ |
0.06 |
$ |
0.00 |
$ |
0.00 |
|
|
$ |
0.07 |
$ |
0.00 |
$ |
0.00 |
$ |
0.07 |
$ |
0.00 |
$ |
0.00 |
CUSIP #001228501 |
|||||||||||||
|
|
$ |
0.21 |
$ |
0.00 |
$ |
0.00 |
$ |
0.21 |
$ |
0.00 |
$ |
0.00 |
(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
|
(2) |
Dividends paid on |
Preferred Stock
The Company’s dividends per share on its Series A
Record
|
Payable
|
2021 Distribution
|
2021 Ordinary
|
2021 Qualified
|
2021 Return
|
2021 Capital
|
Section 199A
|
||||||
|
|
$ |
0.51563 |
$ |
0.14626 |
$ |
0.00 |
$ |
0.36937 |
$ |
0.00 |
$ |
0.14626 |
|
|
$ |
0.51563 |
$ |
0.14626 |
$ |
0.00 |
$ |
0.36937 |
$ |
0.00 |
$ |
0.14626 |
|
|
$ |
0.51563 |
$ |
0.14626 |
$ |
0.00 |
$ |
0.36937 |
$ |
0.00 |
$ |
0.14626 |
|
|
$ |
0.51563 |
$ |
0.14626 |
$ |
0.00 |
$ |
0.36937 |
$ |
0.00 |
$ |
0.14626 |
Totals |
$ |
2.06252 |
$ |
0.58504 |
$ |
0.00 |
$ |
1.47748 |
$ |
0.00 |
$ |
0.58504 |
|
(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The Company’s dividends per share on its Series B
Record
|
Payable
|
2021 Distribution
|
2021 Ordinary
|
2021 Qualified
|
2021 Return
|
2021 Capital
|
Section 199A
|
||||||
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
Totals |
$ |
2.00 |
$ |
0.56 |
$ |
0.00 |
$ |
1.44 |
$ |
0.00 |
$ |
0.56 |
|
(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The Company’s dividends per share on its Series C
Record
|
Payable
|
2021 Distribution
|
2021 Ordinary
|
2021 Qualified
|
2021 Return
|
2021 Capital
|
Section 199A
|
||||||
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
|
|
$ |
0.50 |
$ |
0.14 |
$ |
0.00 |
$ |
0.36 |
$ |
0.00 |
$ |
0.14 |
Totals |
$ |
2.00 |
$ |
0.56 |
$ |
0.00 |
$ |
1.44 |
$ |
0.00 |
$ |
0.56 |
|
(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The information provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding the particular consequences of the distributions to them, including the applicability and effect of
About
Additional information can be found on the Company’s website at www.agmit.com.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005845/en/
Investor Relations
212-692-2110
ir@agmit.com
Source:
FAQ
What are the tax implications for MITT dividends paid in 2021?
Did MITT issue a dividend in January 2021?
What is the dividend amount for MITT preferred stock in 2021?
How should MITT shareholders report their dividends for tax purposes?
What was the reverse stock split date for MITT?
