New York Mortgage Trust Announces Tax Treatment of 2020 Dividend Distributions
January 29 2021 - 4:30PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the
“Company”) today announced the following tax treatment of common
and preferred stock dividends declared in 2020. This information is
provided to assist stockholders with tax reporting requirements
related to dividend distributions of taxable income by the Company.
Stockholders should review the 2020 tax
statements received from their brokerage firms or other
institutions to ensure that the statements agree with the
information provided below. Also, as each stockholder's tax
situation may be different, stockholders are encouraged to consult
with their own professional tax advisor with respect to their
specific tax treatment of the Company's dividend distributions.
The Company's dividend distributions per share
of common stock (CUSIP #649604501) are to be classified for income
tax purposes as follows:
Declaration Date |
Record Date |
Payment Date |
2020 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2020 Ordinary
Dividend |
2020 Qualified
Dividend |
2020 CapitalGainDistribution |
2020UnrecapturedSection 1250Gain |
2020 Non
DividendDistributions |
2020 199ADividends1 |
6/15/2020 |
7/1/2020 |
7/27/2020 |
$0.050000 |
$0.039906 |
- |
- |
- |
$0.010094 |
$0.039906 |
9/14/2020 |
9/24/2020 |
10/26/2020 |
$0.075000 |
$0.059859 |
- |
- |
- |
$0.015141 |
$0.059859 |
12/7/2020 |
12/17/2020 |
1/25/2021 |
$0.100000 |
$0.079813 |
- |
- |
- |
$0.020187 |
$0.079813 |
Totals |
$0.225000 |
$0.179578 |
- |
- |
- |
$0.045422 |
$0.179578 |
The Company's dividend distributions per share
of 7.750% Series B Cumulative Redeemable Preferred Stock (CUSIP
#649604709) are to be classified for income tax purposes as
follows:
|
|
|
|
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
DeclarationDate |
RecordDate |
PaymentDate |
2020 DistributionPer Share |
2020 Ordinary
Dividend |
2020 Qualified
Dividend |
2020 CapitalGainDistribution |
2020UnrecapturedSection 1250Gain |
2020 Non
DividendDistributions |
2020 199ADividends1 |
12/10/2019 |
1/1/2020 |
1/15/2020 |
$0.484375 |
$0.484375 |
- |
- |
- |
- |
$0.484375 |
6/15/2020 |
7/1/2020 |
7/15/2020 |
$0.968750 |
$0.968750 |
- |
- |
- |
- |
$0.968750 |
9/14/2020 |
10/1/2020 |
10/15/2020 |
$0.484375 |
$0.484375 |
- |
- |
- |
- |
$0.484375 |
Totals |
$1.937500 |
$1.937500 |
- |
- |
- |
- |
$1.937500 |
The Company's dividend distributions per share
of 7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP
#649604808) are to be classified for income tax purposes as
follows:
Declaration Date |
Record Date |
Payment Date |
2020 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2020 Ordinary
Dividend |
2020 Qualified
Dividend |
2020 CapitalGainDistribution |
2020UnrecapturedSection 1250Gain |
2020 Non
DividendDistributions |
2020 199ADividends1 |
12/10/2019 |
1/1/2020 |
1/15/2020 |
$0.492187 |
$0.492187 |
- |
- |
- |
- |
$0.492187 |
6/15/2020 |
7/1/2020 |
7/15/2020 |
$0.984375 |
$0.984375 |
- |
- |
- |
- |
$0.984375 |
9/14/2020 |
10/1/2020 |
10/15/2020 |
$0.492188 |
$0.492188 |
- |
- |
- |
- |
$0.492188 |
Totals |
$1.968750 |
$1.968750 |
- |
- |
- |
- |
$1.968750 |
The Company's dividend distributions per share
of 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock (CUSIP #649604881) are to be classified for income
tax purposes as follows:
Declaration Date |
Record Date |
Payment Date |
2020 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2020 Ordinary
Dividend |
2020 Qualified
Dividend |
2020 CapitalGainDistribution |
2020UnrecapturedSection 1250Gain |
2020 Non
DividendDistributions |
2020 199ADividends1 |
12/10/2019 |
1/1/2020 |
1/15/2020 |
$0.500000 |
$0.500000 |
- |
- |
- |
- |
$0.500000 |
6/15/2020 |
7/1/2020 |
7/15/2020 |
$1.000000 |
$1.000000 |
- |
- |
- |
- |
$1.000000 |
9/14/2020 |
10/1/2020 |
10/15/2020 |
$0.500000 |
$0.500000 |
- |
- |
- |
- |
$0.500000 |
Totals |
$2.000000 |
$2.000000 |
- |
- |
- |
- |
$2.000000 |
The Company's dividend distributions per share
of 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock (CUSIP #649604873) are to be classified for income
tax purposes as follows:
Declaration Date |
Record Date |
Payment Date |
2020 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2020 Ordinary
Dividend |
2020 Qualified
Dividend |
2020 CapitalGainDistribution |
2020UnrecapturedSection 1250Gain |
2020 Non
DividendDistributions |
2020 199ADividend1 |
12/10/2019 |
1/1/2020 |
1/15/2020 |
$0.475780 |
$0.475780 |
- |
- |
- |
- |
$0.475780 |
6/15/2020 |
7/1/2020 |
7/15/2020 |
$0.984375 |
$0.984375 |
- |
- |
- |
- |
$0.984375 |
9/14/2020 |
10/1/2020 |
10/15/2020 |
$0.492188 |
$0.492188 |
- |
- |
- |
- |
$0.492188 |
Totals |
$1.952343 |
$1.952343 |
- |
- |
- |
- |
$1.952343 |
(1) Section 199A Dividends are reported in Box 5
of Form 1099-DIV. Section 199A Dividends are a subset of, and
included in, Ordinary Dividends, which are reported in Box 1a of
Form 1099-DIV. Section 199A Dividends shows the portion of the
Ordinary Dividends in Box 1a that may be eligible for the 20%
qualified business income deduction under Section 199A.
New York Mortgage Trust does not provide tax,
accounting or legal advice. Any tax statements contained herein
were not intended or written to be used, and cannot be used for the
purpose of avoiding U.S., federal, state or local tax penalties.
Stockholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of the Company’s
dividend distributions and the information contained herein.
About New York Mortgage
Trust
New York Mortgage Trust, Inc. is a Maryland
corporation that has elected to be taxed as a real estate
investment trust (“REIT”) for federal income tax purposes. NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing primarily mortgage-related single-family
and multi-family residential assets.
For Further Information Mari
Nitta Investor Relations Associate Phone: 646-795-4066 Email:
InvestorRelations@nymtrust.com
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