Ladder Capital Corp Announces Tax Treatment of 2017 Dividends
January 30 2018 - 8:00AM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR)
today announced the tax treatment of its 2017 Class A common stock
dividend payments. For the tax year ended December 31, 2017 the tax
treatment of distributions paid in respect of Class A common stock
are as follows:
Record
Date
Payable
Date
Distribution
per Share
Ordinary
Dividends
Qualified
Dividends
Capital
Gain
Unrecaptured
1250 Gain
12/27/2016
1/24/2017(1)
$0.059
$0.054
$ -
$0.005
$ -
3/13/2017
4/3/2017
0.300
0.276
-
0.024
-
6/12/2017
7/3/2017
0.300
0.276
-
0.024
-
9/11/2017
10/2/2017
0.300
0.276
-
0.024
-
12/11/2017
1/3/2018(2)
0.265
0.244
-
0.021
-
Total 2017 Dividends
$1.224
$1.126
$ -
$0.098
$ -
(1) $0.401 of the $0.460 fourth quarter dividend paid on 1/24/2017
is considered a 2016 dividend for U.S. federal income tax purposes.
$0.059 is considered a 2017 dividend for U.S. federal income tax
purposes and will be reflected in 2017 tax reporting. (2)
$0.265 of the $0.315 fourth quarter dividend paid on 1/3/2018 is
considered a 2017 dividend for U.S. federal income tax purposes.
$0.050 is considered a 2018 dividend for U.S. federal income tax
purposes and will be reflected in 2018 tax reporting.
About Ladder
Ladder is an internally-managed real estate investment trust
that is a leader in commercial real estate finance. Ladder
originates and invests in a diverse portfolio of commercial real
estate and real estate-related assets, focusing on senior secured
assets. Ladder’s investment activities include: (i) direct
origination of commercial real estate first mortgage loans; (ii)
investments in investment grade securities secured by first
mortgage loans on commercial real estate; and (iii) investments in
net leased and other commercial real estate equity. Founded in
2008, Ladder is run by a highly experienced management team with
extensive expertise in all aspects of the commercial real estate
industry, including origination, credit, underwriting, structuring,
capital markets and asset management. Led by Brian Harris, the
Company’s Chief Executive Officer, Ladder is headquartered in New
York City and has branches in Los Angeles and Boca Raton.
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Ladder Capital Corp Investor Relations(917)
369-3207investor.relations@laddercapital.com
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