AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2024 Distributions
AG Mortgage Investment Trust (NYSE: MITT) has released the tax treatment details for its 2024 distributions for common and preferred stockholders. Common stock distributions total $0.81 per share for 2024, with $0.070965 qualifying as qualified dividends and $0.739035 as Section 199A dividends.
The company's preferred stock distributions are as follows:
- Series A (8.25%): Total annual distribution of $2.062520 per share
- Series B (8.00%): Total annual distribution of $2.000000 per share
- Series C (8.000% Fixed-to-Floating Rate): Total annual distribution of $2.233117 per share
All distributions are classified as ordinary dividends with no return of capital or capital gains components. Stockholders are advised to review their tax statements and consult with tax advisors regarding individual reporting positions.
AG Mortgage Investment Trust (NYSE: MITT) ha pubblicato i dettagli sul trattamento fiscale delle distribuzioni per il 2024 per gli azionisti di comune e preferenza. Le distribuzioni delle azioni ordinarie ammontano a $0.81 per azione per il 2024, di cui $0.070965 qualificabili come dividendi qualificati e $0.739035 come dividendi ai sensi della Sezione 199A.
Le distribuzioni delle azioni privilegiate della compagnia sono le seguenti:
- Serie A (8.25%): Distribuzione annuale totale di $2.062520 per azione
- Serie B (8.00%): Distribuzione annuale totale di $2.000000 per azione
- Serie C (8.000% Tasso Fisso Variabile): Distribuzione annuale totale di $2.233117 per azione
Tutte le distribuzioni sono classificate come dividendi ordinari senza rimborso di capitale o componenti di guadagno in conto capitale. Si consiglia agli azionisti di rivedere i propri estratti conto fiscali e consultare i consulenti fiscali riguardo le posizioni di reporting individuali.
AG Mortgage Investment Trust (NYSE: MITT) ha publicado los detalles sobre el tratamiento fiscal de sus distribuciones para 2024 para accionistas comunes y preferentes. Las distribuciones de acciones comunes totalizan $0.81 por acción para 2024, con $0.070965 calificados como dividendos calificados y $0.739035 como dividendos de la Sección 199A.
Las distribuciones de acciones preferentes de la empresa son las siguientes:
- Serie A (8.25%): Distribución anual total de $2.062520 por acción
- Serie B (8.00%): Distribución anual total de $2.000000 por acción
- Serie C (8.000% Tasa Fija a Flotante): Distribución anual total de $2.233117 por acción
Todas las distribuciones se clasifican como dividendos ordinarios sin retorno de capital ni componentes de ganancias de capital. Se aconseja a los accionistas que revisen sus estados de cuenta fiscales y consulten a asesores fiscales sobre las posiciones de reporte individuales.
AG Mortgage Investment Trust (NYSE: MITT)는 일반 주주 및 우선 주주를 위한 2024년 배당금에 대한 세금 처리 세부 정보를 발표했습니다. 일반 주식 배당금은 2024년 주당 $0.81로, $0.070965가 자격이 있는 배당으로, $0.739035가 섹션 199A 배당으로 분류됩니다.
회사의 우선주 배당금은 다음과 같습니다:
- 시리즈 A (8.25%): 주당 총 연간 배당금 $2.062520
- 시리즈 B (8.00%): 주당 총 연간 배당금 $2.000000
- 시리즈 C (8.000% 고정에서 변동 금리): 주당 총 연간 배당금 $2.233117
모든 배당금은 자본 환급이나 자본 이익 구성 요소가 없는 일반 배당금으로 분류됩니다. 주주들은 자신의 세금 명세서를 검토하고 개인적 신고 위치에 대해 세금 상담사와 상의할 것을 권장합니다.
AG Mortgage Investment Trust (NYSE: MITT) a publié les détails sur le traitement fiscal de ses distributions pour 2024 pour les actionnaires ordinaires et privilégiés. Les distributions d'actions ordinaires totalisent 0,81 $ par action pour 2024, dont 0,070965 $ sont considérés comme des dividendes qualifiés et 0,739035 $ comme des dividendes de la Section 199A.
Les distributions d'actions privilégiées de l'entreprise sont les suivantes :
- Série A (8,25 %) : Distribution annuelle totale de 2,062520 $ par action
- Série B (8,00 %) : Distribution annuelle totale de 2,000000 $ par action
- Série C (8,000 % Taux Fixe à Flottant) : Distribution annuelle totale de 2,233117 $ par action
Toutes les distributions sont classées comme des dividendes ordinaires, sans remboursement de capital ni composants de gains en capital. Les actionnaires sont conseillés à examiner leurs relevés fiscaux et à consulter des conseillers fiscaux concernant les positions individuelles de déclaration.
AG Mortgage Investment Trust (NYSE: MITT) hat die steuerlichen Behandlungshinweise für seine Ausschüttungen im Jahr 2024 für Stamm- und Vorzugsaktionäre veröffentlicht. Die Ausschüttungen auf Stammaktien betragen insgesamt $0.81 pro Aktie für 2024, wobei $0.070965 als qualifizierte Dividenden und $0.739035 als Dividenden gemäß Abschnitt 199A qualifiziert sind.
Die Ausschüttungen für die Vorzugsaktien des Unternehmens sind wie folgt:
- Serie A (8.25%): Jährliche Gesamtausschüttung von $2.062520 pro Aktie
- Serie B (8.00%): Jährliche Gesamtausschüttung von $2.000000 pro Aktie
- Serie C (8.000% Fest-zu-Variabel-Zins): Jährliche Gesamtausschüttung von $2.233117 pro Aktie
Alle Ausschüttungen werden als ordentliche Dividenden klassifiziert, ohne Rückzahlung von Kapital oder Kapitalertragskomponenten. Aktionäre werden angehalten, ihre Steuererklärungen zu überprüfen und sich bezüglich ihrer individuellen Berichtspflichten an Steuerberater zu wenden.
- Regular quarterly dividend payments maintained across all share classes
- Common stock dividend increased from $0.05 to $0.18 in Q2 2024, then to $0.19 in subsequent quarters
- No return of capital in distributions, indicating earnings support for dividends
- None.
Insights
The 2024 dividend tax classification announcement from AG Mortgage Investment Trust reveals several noteworthy aspects for investors:
- Common stock distributions show a significant quarterly progression, increasing from
$0.05 to$0.19 per share, potentially indicating improved operational performance and management's confidence in sustainable cash flows. - The tax treatment breakdown shows that approximately
8.8% of distributions qualify as qualified dividends, which are eligible for lower tax rates. The remaining91.2% are classified as Section 199A dividends, allowing most investors to benefit from a20% tax deduction under the Tax Cuts and Jobs Act. - Series C preferred stock's Q4 distribution increases to
$0.733117 from$0.50 , reflecting its floating rate nature and the current interest rate environment. This feature provides some inflation protection for preferred shareholders. - The absence of return of capital in distributions suggests high-quality earnings, as all payments are supported by taxable income rather than return of investor capital. This is particularly important for REITs, which must distribute at least
90% of their taxable income. - The preferred shares maintain consistent
8.00-8.25% yields, providing reliable income streams for income-focused investors, with all distributions receiving favorable Section 199A treatment.
The detailed tax classification demonstrates strong underlying business performance, as evidenced by the ability to maintain substantial dividend payments classified entirely as ordinary income. The increasing common stock dividend trajectory and stable preferred distributions indicate positive operational momentum for 2024.
Stockholders should review the 2024 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 distributions.
AG Mortgage Investment Trust, Inc. Common Stock
The Company's distributions per share on its common stock (CUSIP #001228501) are to be classified for income tax purposes as detailed in the below table. The Company’s common stock distribution paid on January 31, 2024 to holders of record on December 29, 2023;
Record Date |
Payable Date |
2024 Distribution Per Share |
2024 Ordinary Dividends |
2024 Qualified Dividends (1) |
2024 Return of Capital |
2024 Capital Gains |
2024 Section 199A Dividends (1) |
11/30/2023(2) |
1/2/2024 |
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12/29/2023 |
1/31/2024 |
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3/29/2024 |
4/30/2024 |
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6/28/2024 |
7/31/2024 |
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9/30/2024 |
10/31/2024 |
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12/31/2024 |
1/31/2025 |
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Totals |
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(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
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(2) |
Of the |
AG Mortgage Investment Trust, Inc. Preferred Stock
The Company’s distributions per share on its Series A
Record Date |
Payable Date |
2024 Distribution Per Share |
2024 Ordinary Dividends |
2024 Qualified Dividends (1) |
2024 Return of Capital |
2024 Capital Gains |
2024 Section 199A Dividends (1) |
2/29/2024 |
3/18/2024 |
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5/31/2024 |
6/17/2024 |
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8/30/2024 |
9/17/2024 |
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11/29/2024 |
12/17/2024 |
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Totals |
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| (1) | Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The Company’s distributions per share on its Series B
Record Date |
Payable Date |
2024 Distribution Per Share |
2024 Ordinary Dividends |
2024 Qualified Dividends (1) |
2024 Return of Capital |
2024 Capital Gains |
2024 Section 199A Dividends (1) |
2/29/2024 |
3/18/2024 |
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5/31/2024 |
6/17/2024 |
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8/30/2024 |
9/17/2024 |
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11/29/2024 |
12/17/2024 |
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Totals |
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(1) |
Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The Company’s distributions per share on its Series C
Record Date |
Payable Date |
2024 Distribution Per Share |
2024 Ordinary Dividends |
2024 Qualified Dividends (1) |
2024 Return of Capital |
2024 Capital Gains |
2024 Section 199A Dividends (1) |
2/29/2024 |
3/18/2024 |
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5/31/2024 |
6/17/2024 |
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8/30/2024 |
9/17/2024 |
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11/29/2024 |
12/17/2024 |
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Totals |
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(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 AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the
Additional information can be found on the Company’s website at www.agmit.com.
About TPG Angelo Gordon
Founded in 1988, Angelo, Gordon & Co., L.P. (“TPG Angelo Gordon”) is a diversified credit and real estate investing platform within TPG. The platform currently manages approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20250131278237/en/
AG Mortgage Investment Trust, Inc.
Investor Relations
212-692-2110
ir@agmit.com
Source: AG Mortgage Investment Trust, Inc.
FAQ
What is the total common stock dividend distribution for MITT in 2024?
How much of MITT's 2024 common stock distribution qualifies as Section 199A dividends?
What is the quarterly dividend rate for MITT's Series A preferred stock in 2024?
How did MITT's common stock quarterly dividend change throughout 2024?
What portion of MITT's 2024 distributions are classified as return of capital?
