TPG RE Finance Trust, Inc. Announces Tax Treatment of 2020 Dividends

Rhea-AI Summary

TPG RE Finance Trust (NYSE: TRTX) announced the income tax treatment of its 2020 common stock dividends. Total distributions per share amounted to $1.2100, with ordinary income qualifying for a 20% deduction under IRC Section 199A. Important dates include record dates of June 15, June 26, September 25, and December 28, 2020, with payment dates extending from July 14, 2020, to January 22, 2021. Shareholders should consult tax advisors regarding their specific tax treatment of dividends.

Positive

• Ordinary income dividends are eligible for a 20% deduction under IRC Section 199A.
• Main dividend distribution total of $1.2100 per share reflects a stable income for shareholders.

Negative

• None.

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the income tax treatment of its 2020 common stock dividends. The following table summarizes, for income tax purposes, the nature of cash dividends paid to the Company’s common stockholders for the tax year ended December 31, 2020:

Common Stock (CUSIP # 87266M107)
Record Date		Payment Date			Total Distribution Per Share		Ordinary Income  Per Share(1)		Capital Gain Per Share		Non- Dividend Distributions
6/15/2020		7/14/2020			$0.4300		$0.4300		$0.0000		$0.0000
6/26/2020		7/24/2020			0.2000		0.2000		0.0000		0.0000
9/25/2020		10/23/2020			0.2000		0.2000		0.0000		0.0000
12/28/2020(2)		1/22/2021			0.2000		0.2000		0.0000		0.0000
12/28/2020(3)		1/22/2021			0.1800		0.1800		0.0000		0.0000
Totals					$1.2100		$1.2100		$0.0000		$0.0000

1. Ordinary Income dividends are eligible for the 20% deduction applicable to “qualified dividends” pursuant to IRC Section 199A.
2. Pursuant to IRC Section 857(b)(9), cash distributions declared in October, November or December of 2020 to shareholders of record in such month and paid by the end of January 2021, are treated for federal income tax purposes as received by shareholders on December 31, 2020 to the extent of the Company’s 2020 tax earnings and profits.
3. A non-recurring special cash dividend.

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividends. For additional information, please refer to the Investor Relations section of the Company’s website.

ABOUT TRTX

TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit http://investors.tpgrefinance.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005063/en/

FAQ

What were the total dividends per share for TRTX in 2020?

The total dividends per share for TRTX in 2020 were $1.2100.

When were the dividends for TRTX paid in 2020?

The dividends were paid on dates ranging from July 14, 2020, to January 22, 2021.

How are ordinary income dividends from TRTX taxed?

Ordinary income dividends are eligible for a 20% deduction under IRC Section 199A.

What is the record date for TRTX dividends in 2020?

Record dates for TRTX dividends in 2020 included June 15, June 26, September 25, and December 28.

What should TRTX shareholders do regarding dividend tax treatment?

Shareholders are encouraged to consult with their personal tax advisors regarding the specific tax treatment of TRTX dividends.