TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the income tax treatment of its 2021 common stock and its 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred 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, 2021:
Common Stock (CUSIP # 87266M107) |
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Record
|
Payment
|
Total Distribution
|
Ordinary Income
|
Capital Gain
|
Non-Dividend
|
|||||
3/26/2021 |
4/23/2021 |
$0.2000 |
$0.2000 |
$0.0000 |
$0.0000 |
|||||
6/28/2021 |
7/23/2021 |
0.2000 |
0.2000 |
0.0000 |
0.0000 |
|||||
9/29/2021 |
10/22/2021 |
0.2400 |
0.2400 |
0.0000 |
0.0000 |
|||||
12/29/2021(2) |
1/25/2022 |
0.2400 |
0.2400 |
0.0000 |
0.0000 |
|||||
12/29/2021(2)(3) |
1/25/2022 |
0.0700 |
0.0700 |
0.0000 |
0.0000 |
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Totals |
|
$0.9500 |
$0.9500 |
$0.0000 |
$0.0000 |
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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 2021 to shareholders of record in such month and paid by the end of January 2022 are treated for federal income tax purposes as received by shareholders on December 31, 2021 to the extent of the Company’s 2021 tax earnings and profits. |
|
3. |
Represents a non-recurring special cash dividend. |
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, 2021:
Series C Preferred Stock (CUSIP# 87266M206) |
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Record
|
Payment
|
Total Distribution
|
Ordinary Income
|
Capital Gain
|
Non-Dividend
|
|||||
9/20/2021(2) |
9/30/2021 |
$0.4601 |
$0.4601 |
$0.0000 |
$0.0000 |
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12/20/2021 |
12/30/2021 |
0.3906 |
0.3906 |
0.0000 |
0.0000 |
|||||
Totals |
|
$0.8507 |
$0.8507 |
$0.0000 |
$0.0000 |
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1. |
Ordinary Income dividends are eligible for the 20% deduction applicable to “qualified REIT dividends” pursuant to IRC Section 199A. |
|
2. |
The Series C Preferred Stock dividend covers the period from issuance (June 14, 2021) to, but excluding, September 30, 2021. |
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 firm TPG. For more information regarding TRTX, visit https://www.tpgrefinance.com/.
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Contacts
INVESTOR RELATIONS CONTACT
+1 (212) 405-8500
IR@tpgrefinance.com
MEDIA CONTACT
TPG RE Finance Trust, Inc.
Courtney Power
+1 (415) 743-1550
media@tpg.com
