Starwood Property Trust Announces Tax Reporting Information

Rhea-AI Summary

Starwood Property Trust, Inc. (STWD) announced the tax treatment of its distributions on common stock for the year ended December 31, 2023. The total dividend per share was $1.9200, with $1.8428 being taxable as ordinary dividends and $0.0772 as total capital gain distribution. The Company also provided details of the distribution for each quarter of the year.

GREENWICH, Conn., Jan. 26, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced the tax treatment for the Company's distributions on its common stock (CUSIP: 85571B105) paid with respect to the calendar year ended December 31, 2023:

	Form 1099 Reference:			(Boxes 1a + 2a + 3)	Box 1a	Box 1b	Box 2a	Box 2b	Box 2e	Box 2f	Box 3	Box 5
	Record Date	Payable Date	Cash Distribution	Total Dividend Per Share	Ordinary Taxable Dividend	Taxable Qualified Dividends	Total Capital Gain Distribution	Unrecaptured 1250 Gain	Section 897 Ordinary Dividends	Section 897 Capital Gain	Nondividend Distributions	Section 199A dividends
						(i)	(ii)	(iii)	(i)	(iii)	(iv)	(i)
	3/31/2023	4/14/2023	0.4800	0.4800	0.4607	0.0000	0.0193	0.0083	0.0000	0.0050	0.0000	0.4607
	6/30/2023	7/17/2023	0.4800	0.4800	0.4607	0.0000	0.0193	0.0083	0.0000	0.0050	0.0000	0.4607
	9/30/2023	10/16/2023	0.4800	0.4800	0.4607	0.0000	0.0193	0.0083	0.0000	0.0050	0.0000	0.4607
	12/29/2023	1/15/2024	0.4800	0.4800	0.4607	0.0000	0.0193	0.0083	0.0000	0.0050	0.0000	0.4607
		Totals	1.9200	1.9200	1.8428	0.0000	0.0772	0.0332	0.0000	0.0200	0.0000	1.8428
		(i)	Amounts in Box 1b, Box 2e, and Box 5 are included in Box 1a
		(ii)	For purposes of the disclosure required by Treas. Reg. Sec. 1.1061-6(c), the Company reports to direct or indirect holders
			of an 'applicable partnership interest' that the portion of the amounts shown on Box 2a relating to the 'One Year Amounts Disclosure'
			is equal to $0.0156 and the portion relating to the 'Three Year Amounts Disclosure' is equal to $0.0150.
		(iii)	Amounts in Box 2b and Box 2f are included in Box 2a
		(iv)	Amounts in Box 3 are also known as Return of Capital

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm Starwood Capital Group, the Company has successfully deployed over $95 billion of capital since inception and manages a portfolio of over $27 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com. 

Contact:
Zachary Tanenbaum
Starwood Property Trust 
Phone: 203-422-7788 
Email: ztanenbaum@starwood.com

View original content:https://www.prnewswire.com/news-releases/starwood-property-trust-announces-tax-reporting-information-302045990.html

SOURCE Starwood Property Trust, Inc.

FAQ

What is the ticker symbol for Starwood Property Trust, Inc.?

The ticker symbol for Starwood Property Trust, Inc. is STWD.

What is the total dividend per share for the year ended December 31, 2023?

The total dividend per share for the year ended December 31, 2023 was $1.9200.

What portion of the total dividend per share is taxable as ordinary dividends?

The portion of the total dividend per share taxable as ordinary dividends was $1.8428.

What portion of the total dividend per share is taxable as total capital gain distribution?

The portion of the total dividend per share taxable as total capital gain distribution was $0.0772.

What is the record date and payable date for the distributions?

The record date and payable date for the distributions were 3/31/2023 and 4/14/2023, 6/30/2023 and 7/17/2023, 9/30/2023 and 10/16/2023, 12/29/2023 and 1/15/2024 respectively.