Arbor Realty Trust Announces Tax Treatment of 2020 Dividends
January 29 2021 - 4:15PM
Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax
treatment of its 2020 dividend distributions for common and
preferred shares of beneficial interest.
For tax reporting
purposes, 100% of the distributions paid on Arbor Realty Trust
common stock during 2020 will be classified as dividend income. The
2020 taxable distributions with respect to Arbor Realty Trust’s
common stock traded under ticker symbol ABR are summarized as
follows:
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Common Shares (CUSIP #038923108) |
RecordDate |
|
PaymentDate |
|
TotalDistributionPer Share |
|
Non-QualifiedDividend (1) |
|
QualifiedDividend |
|
Capital GainDistribution |
2/28/2020 |
|
3/17/2020 |
|
$0.30 |
|
$0.30 |
|
$0.00 |
|
$0.00 |
6/30/2020 |
|
7/15/2020 |
|
0.30 |
|
0.30 |
|
0.00 |
|
0.00 |
8/17/2020 |
|
8/31/2020 |
|
0.31 |
|
0.31 |
|
0.00 |
|
0.00 |
11/16/2020 |
|
11/30/2020 |
|
0.32 |
|
0.32 |
|
0.00 |
|
0.00 |
|
|
|
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$1.23 |
|
$1.23 |
|
$0.00 |
|
$0.00 |
The 2020 taxable
distributions with respect to Arbor Realty Trust’s 8.25% Series A
Cumulative Redeemable Preferred Stock traded under ticker symbol
ABR-PA are summarized as follows:
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8.25% Series A Cumulative Redeemable Preferred Stock (CUSIP
# 038923603) |
RecordDate |
|
PaymentDate |
|
TotalDistributionPer Share |
|
Non-QualifiedDividend (1) |
|
QualifiedDividend |
|
Capital GainDistribution |
2/15/2020 |
|
3/2/2020 |
|
$0.515625 |
|
$0.515625 |
|
$0.00 |
|
$0.00 |
5/15/2020 |
|
6/1/2020 |
|
0.515625 |
|
0.515625 |
|
0.00 |
|
0.00 |
8/15/2020 |
|
8/31/2020 |
|
0.515625 |
|
0.515625 |
|
0.00 |
|
0.00 |
11/15/2020 |
|
11/30/2020 |
|
0.515625 |
|
0.515625 |
|
0.00 |
|
0.00 |
|
|
|
|
$2.062500 |
|
$2.062500 |
|
$0.00 |
|
$0.00 |
The 2020 taxable
distributions with respect to Arbor Realty Trust’s 7.75% Series B
Cumulative Redeemable Preferred Stock traded under ticker symbol
ABR-PB are summarized as follows:
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7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP
# 038923702) |
RecordDate |
|
PaymentDate |
|
TotalDistributionPer Share |
|
Non-QualifiedDividend (1) |
|
QualifiedDividend |
|
Capital GainDistribution |
2/15/2020 |
|
3/2/2020 |
|
$0.484375 |
|
$0.484375 |
|
$0.00 |
|
$0.00 |
5/15/2020 |
|
6/1/2020 |
|
0.484375 |
|
0.484375 |
|
0.00 |
|
0.00 |
8/15/2020 |
|
8/31/2020 |
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0.484375 |
|
0.484375 |
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0.00 |
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0.00 |
11/15/2020 |
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11/30/2020 |
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0.484375 |
|
0.484375 |
|
0.00 |
|
0.00 |
|
|
|
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$1.937500 |
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$1.937500 |
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$0.00 |
|
$0.00 |
The 2020 taxable
distributions with respect to Arbor Realty Trust’s 8.50% Series C
Cumulative Redeemable Preferred Stock traded under ticker symbol
ABR-PC are summarized as follows:
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8.50% Series C Cumulative Redeemable Preferred Stock (CUSIP
# 038923801) |
RecordDate |
|
PaymentDate |
|
TotalDistributionPer Share |
|
Non-QualifiedDividend (1) |
|
QualifiedDividend |
|
Capital GainDistribution |
2/15/2020 |
|
3/2/2020 |
|
$0.53125 |
|
$0.53125 |
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$0.00 |
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$0.00 |
5/15/2020 |
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6/1/2020 |
|
0.53125 |
|
0.53125 |
|
0.00 |
|
0.00 |
8/15/2020 |
|
8/31/2020 |
|
0.53125 |
|
0.53125 |
|
0.00 |
|
0.00 |
11/15/2020 |
|
11/30/2020 |
|
0.53125 |
|
0.53125 |
|
0.00 |
|
0.00 |
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$2.12500 |
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$2.12500 |
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$0.00 |
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$0.00 |
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(1) May be eligible
for the 20% qualified business income deduction applicable to
certain REIT dividends under IRC Section 199A(b)(1)(B). |
For shareholders that
may be required to report excess inclusion income to the Internal
Revenue Service, Arbor Realty Trust will not pass through any
excess inclusion income to our shareholders for 2020. As a
result, no portion of the 2020 dividends should be treated as
excess inclusion income for federal income tax purposes.
Note: Shareholders are
encouraged to consult with their tax advisors as to their specific
tax treatment of Arbor Realty Trust, Inc. dividend
distributions.
About Arbor
Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE:ABR) is a
nationwide real estate investment trust and direct lender,
providing loan origination and servicing for multifamily, seniors
housing, healthcare and other diverse commercial real estate
assets. Headquartered in New York, Arbor manages a
multibillion-dollar servicing portfolio, specializing in
government-sponsored enterprise products. Arbor is a Fannie Mae
DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor’s
product platform also includes CMBS, bridge, mezzanine and
preferred equity lending. Rated by Standard and Poor’s and Fitch
Ratings, Arbor is committed to building on its reputation for
service, quality and customized solutions with an unparalleled
dedication to providing our clients excellence over the entire life
of a loan.
Safe Harbor
Statement
Certain items in this
press release may constitute forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on
management’s current expectations and beliefs and are subject to a
number of trends and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. Arbor can give no assurance that its expectations will
be attained. Factors that could cause actual results to differ
materially from Arbor’s expectations include, but are not limited
to, changes in economic conditions generally, and the real estate
markets specifically, in particular, due to the uncertainties
created by the COVID-19 pandemic, continued ability to source new
investments, changes in interest rates and/or credit spreads, and
other risks detailed in Arbor’s Annual Report on Form 10-K for the
year ended December 31, 2019 and its other reports filed with the
SEC. Such forward-looking statements speak only as of the date of
this press release. Arbor expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Arbor’s expectations with regard thereto or change in events,
conditions, or circumstances on which any such statement is
based.
Contacts:Arbor Realty Trust, Inc.Paul Elenio, Chief Financial
Officer 516-506-4422pelenio@arbor.com |
Investors:The Ruth GroupDaniel Kontoh-Boateng/James
Salierno646-536-7019/7028dboateng@theruthgroup.comjsalierno@theruthgroup.com |
Media:Bonnie HabyanChief Marketing
Officer516-506-4615bhabyan@arbor.com |
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