TPG RE Finance Trust, Inc. Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced the income tax treatment for dividends paid to its common and Series C Preferred Stockholders for the year ending December 31, 2022. The company reported total cash distributions of $0.9600 per share for common stock and $1.5624 per share for Series C Preferred Stock. Notably, dividends are eligible for a 20% deduction under IRC Section 199A. Record dates for dividends ranged from March 29, 2022, to December 29, 2022, with corresponding payment dates up to January 25, 2023. Shareholders are encouraged to consult tax advisors for specific treatments.

Positive

• Total distributions for common stock shareholders reached $0.9600 per share.
• Total distributions for Series C Preferred Stock shareholders totaled $1.5624 per share.
• Dividends from ordinary income are eligible for a 20% deduction under IRC Section 199A.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the income tax treatment of its 2022 common stock and its 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred”) 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, 2022:

Common Stock (CUSIP # 87266M107)
Record Date	Payment Date	Total Distribution per Share	Ordinary Income per Share (1)	Capital Gain per Share	Non-Dividend Distribution
3/29/2022	4/25/2022	$0.2400	$0.2400	$0.0000	$0.0000
6/28/2022	7/25/2022	0.2400	0.2400	0.0000	0.0000
9/28/2022	10/25/2022	0.2400	0.2400	0.0000	0.0000
12/29/2022(2)	1/25/2023	0.2400	0.2400	0.0000	0.0000
Totals		$0.9600	$0.9600	$0.0000	$0.0000

The following table summarizes, for income tax purposes, the nature of cash dividends paid to the holders of the Company’s Series C Preferred Stock for the tax year ended December 31, 2022:

Series C Preferred Stock (CUSIP# 87266M206)
Record Date	Payment Date	Total Distribution per Share	Ordinary Income per Share (1)	Capital Gain per Share	Non-Dividend Distribution
3/18/2022	3/30/2022	$0.3906	$0.3906	$0.0000	$0.0000
6/20/2022	6/30/2022	0.3906	0.3906	0.0000	0.0000
9/20/2022	9/30/2022	0.3906	0.3906	0.0000	0.0000
12/20/2022	12/30/2022	0.3906	0.3906	0.0000	0.0000
Totals		$1.5624	$1.5624	$0.0000	$0.0000

1. Ordinary Income dividends are eligible for the 20% deduction applicable to “qualified REIT dividends” pursuant to IRC Section 199A.
2. Pursuant to IRC Section 857(b)(9), cash distributions declared in October, November or December of 2022 to shareholders of record in such month and paid by the end of January 2023, are treated for federal income tax purposes as received by shareholders on December 31, 2022 to the extent of the Company’s 2022 tax earnings and profits.

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividends. For additional information, 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 management firm TPG Inc. (NASDAQ: TPG). For more information regarding TRTX, visit https://www.tpgrefinance.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005014/en/

INVESTOR RELATIONS

+1 (212) 405-8500

IR@tpgrefinance.com

MEDIA

TPG RE Finance Trust, Inc.

Courtney Power

+1 (415) 743-1550

media@tpg.com

Source: TPG RE Finance Trust, Inc.

FAQ

What is the dividend amount for TPG RE Finance Trust common stock for 2022?

The total cash distribution for TPG RE Finance Trust common stock is $0.9600 per share for the year 2022.

When will TPG RE Finance Trust pay its dividends for 2022?

Dividends for 2022 will be paid on dates ranging from April 25, 2022, to January 25, 2023, depending on the record date.

Is the dividend from TPG RE Finance Trust considered qualified REIT dividends?

Yes, dividends from ordinary income are eligible for a 20% deduction applicable to qualified REIT dividends as per IRC Section 199A.

What is the total distribution for Series C Preferred Stockholders of TPG RE Finance Trust?

The total cash distribution for Series C Preferred Stockholders is $1.5624 per share for the year 2022.

What is the record date for TPG RE Finance Trust dividends in 2022?

Record dates for TPG RE Finance Trust dividends in 2022 include March 29, June 28, September 28, and December 29.