Seven Hills Realty Trust Announces 2022 Dividend Allocations

Rhea-AI Summary

Seven Hills Realty Trust (Nasdaq: SEVN) announced the final income tax reporting characterizations of its dividends for 2022. Shareholders can expect a total of $1.00 per share, with the dividends distributed across various categories: Ordinary Income, Qualified Dividends, and Unrecaptured Section 1250 Gain, along with a return of capital. The dividend payment dates included declaration on January 13, record on January 24, and payment on February 17, April 25, July 25, and October 24, highlighting a consistent payout strategy aimed to enhance shareholder value. The information serves as a guide for tax reporting via IRS Form 1099-DIV.

Positive

• Total dividend for 2022 is $1.00 per share.
• Consistent dividend payments reinforce confidence in shareholder returns.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced that the characterization of dividends for 2022 income tax reporting is as follows:

SEVN Common Shares
								Dividend Allocation
								Per Share
										Section					Total		Unrecaptured
Declaration		Record		Paid/Payable		Dividends		Ordinary		199A			Qualified		Capital		Section 1250		Return of
Dates		Dates		Dates		Per Share		Income		Dividend(1)			Dividend(2)		Gain		Gain(3)		Capital
01/13/22		01/24/22		02/17/22		$0.25		$0.25		$0.25			$0.00		$0.00		$0.00		$0.00
04/14/22		04/25/22		05/19/22		$0.25		$0.25		$0.25			$0.00		$0.00		$0.00		$0.00
07/14/22		07/25/22		08/18/22		$0.25		$0.25		$0.25			$0.00		$0.00		$0.00		$0.00
10/13/22		10/24/22		11/17/22		$0.25		$0.25		$0.25			$0.00		$0.00		$0.00		$0.00
				TOTALS:		$1.00		$1.00		$1.00			$0.00		$0.00		$0.00		$0.00

(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.

(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.

(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

SEVN’s common share CUSIP number is 81784E101. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust, or REIT, that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. 
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005804/en/

Kevin Barry, Director, Investor Relations

(617) 796-8253

Source: Seven Hills Realty Trust

FAQ

What are the dividend details for Seven Hills Realty Trust for 2022?

Seven Hills Realty Trust announced a total dividend of $1.00 per share for 2022.

When were the dividends declared and paid for SEVN stock?

Dividends were declared on January 13, 2022, with payments made on February 17, April 25, July 25, and October 24, 2022.

What is the tax reporting classification for SEVN's dividends?

The dividends are classified as Ordinary Income, Qualified Dividends, and Unrecaptured Section 1250 Gain, with shareholders to refer to IRS Form 1099-DIV for reporting.

What should shareholders know about the dividend allocations for SEVN?

Shareholders should note that the total dividend allocation is $1.00 per share, which includes different categories, helping them understand tax implications.