Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2020
January 28 2021 - 4:30PM
Business Wire
Ares Commercial Real Estate Corporation (NYSE: ACRE) (the
“Company”) today announced the 2020 tax treatment for the Company’s
common stock distributions (CUSIP # 04013V-10-8).
Form 1099
Reference:
(Box 1a+2a)
Box 1a
Box 1b
Box 2a
Box 2b
Box 5
Record Date
Payment Date
Cash Distribution Per Share
Distribution Allocable to 2020
Taxable Ordinary Dividends
Taxable Qualified Dividends(1)
Total Capital Gain Distribution
Unrecaptured Section 1250 Gain(2)
Section 199A Dividends(1)
12/30/2019
1/15/2020
$0.3300
$0.0000
(3)
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
3/31/2020
4/15/2020
$0.3300
$0.3300
$0.3300
$0.0036
$0.0000
$0.0000
$0.3264
6/30/2020
7/15/2020
$0.3300
$0.3300
$0.3300
$0.0036
$0.0000
$0.0000
$0.3264
9/30/2020
10/15/2020
$0.3300
$0.3300
$0.3300
$0.0036
$0.0000
$0.0000
$0.3264
12/30/2020
1/15/2021
$0.3300
$0.3300
(4)
$0.3300
$0.0036
$0.0000
$0.0000
$0.3264
Totals
$1.3200
$1.3200
$0.0144
$0.0000
$0.0000
$1.3056
(1)
Boxes 1b and 5 are subsets of, and included in, Box 1a
(2)
Box 2b is a subset of, and included in, Box 2a
(3)
The entire distribution of
$0.3300 per share was treated as taxable in 2019 pursuant to
Section 857(b)(9) of the Internal Revenue Code
(4)
The entire distribution of
$0.3300 per share is treated as taxable in 2020 pursuant to Section
857(b)(9) of the Internal Revenue Code
The amounts indicated above are not classified as excess
inclusion income. Stockholders are encouraged to consult with their
own tax advisors as to their specific tax treatment of the
Company’s distributions.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance
company primarily engaged in originating and investing in
commercial real estate loans and related investments. Through its
national direct origination platform, the Company provides a broad
offering of flexible and reliable financing solutions for
commercial real estate owners and operators. The Company originates
senior mortgage loans, as well as subordinate financings, mezzanine
debt and preferred equity, with an emphasis on providing value
added financing on a variety of properties located in liquid
markets across the United States. Ares Commercial Real Estate
Corporation elected and qualified to be taxed as a real estate
investment trust and is externally managed by a subsidiary of Ares
Management Corporation. For more information, please visit
www.arescre.com. The contents of such website are not, and should
not be deemed to be, incorporated by reference herein.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, which relate to future events or the Company’s
future performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, those described from time to time in the
Company’s filings with the Securities and Exchange Commission. Ares
Commercial Real Estate Corporation undertakes no duty to update any
forward-looking statements made herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20210128005849/en/
Investor Relations: Ares Commercial Real Estate
Corporation Carl Drake or Veronica Mendiola Mayer 888-818-5298
iracre@aresmgmt.com
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