New York Mortgage Trust Announces Tax Treatment of 2019 Dividend Distributions
January 30 2020 - 4:05PM
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 2019. 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 2019 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:
DeclarationDate |
RecordDate |
PaymentDate |
2019 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2019
OrdinaryDividend |
2019QualifiedDividend |
2019Capital Gain
Distribution |
2019 Unrecaptured Section 1250 Gain |
2019 NonDividend
Distributions |
2019199A Dividends1 |
3/19/2019 |
3/29/2019 |
4/25/2019 |
$0.200000 |
$0.105952 |
- |
$0.032279 |
$0.002418 |
$0.061769 |
$0.105952 |
6/14/2019 |
6/24/2019 |
7/25/2019 |
$0.200000 |
$0.105952 |
- |
$0.032279 |
$0.002418 |
$0.061769 |
$0.105952 |
9/09/2019 |
9/19/2019 |
10/25/2019 |
$0.200000 |
$0.105952 |
- |
$0.032279 |
$0.002418 |
$0.061769 |
$0.105952 |
12/10/2019 |
12/20/2019 |
1/27/2020 |
$0.200000 |
$0.105952 |
- |
$0.032279 |
$0.002418 |
$0.061769 |
$0.105952 |
Totals |
$0.800000 |
$0.423808 |
- |
$0.129116 |
$0.009672 |
$0.247076 |
$0.423808 |
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 |
Declaration Date |
Record Date |
Payment Date |
2019 Distribution Per Share |
2019
OrdinaryDividend |
2019QualifiedDividend |
2019Capital Gain
Distribution |
2019 Unrecaptured Section 1250 Gain |
2019 NonDividend
Distributions |
2019199A Dividends 1 |
12/4/2018 |
1/1/2019 |
1/15/2019 |
$0.484375 |
$0.406198 |
- |
$0.078177 |
$0.005857 |
- |
$0.406198 |
3/19/2019 |
4/1/2019 |
4/15/2019 |
$0.484375 |
$0.406198 |
- |
$0.078177 |
$0.005857 |
- |
$0.406198 |
6/14/2019 |
7/1/2019 |
7/15/2019 |
$0.484375 |
$0.406198 |
- |
$0.078177 |
$0.005857 |
- |
$0.406198 |
9/09/2019 |
10/1/2019 |
10/15/2019 |
$0.484375 |
$0.406198 |
- |
$0.078177 |
$0.005857 |
- |
$0.406198 |
Totals |
$1.937500 |
$1.624792 |
- |
$0.312708 |
$0.023428 |
- |
$1.624792 |
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:
DeclarationDate |
RecordDate |
PaymentDate |
2019 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2019
OrdinaryDividend |
2019QualifiedDividend |
2019Capital Gain
Distribution |
2019 Unrecaptured Section 1250 Gain |
2019 NonDividend
Distributions |
2019199A
Dividends 1 |
12/4/2018 |
1/1/2019 |
1/15/2019 |
$0.492188 |
$0.412750 |
- |
$0.079438 |
$0.005952 |
- |
$0.412750 |
3/19/2019 |
4/1/2019 |
4/15/2019 |
$0.492188 |
$0.412750 |
- |
$0.079438 |
$0.005952 |
- |
$0.412750 |
6/14/2019 |
7/1/2019 |
7/15/2019 |
$0.492188 |
$0.412750 |
- |
$0.079438 |
$0.005952 |
- |
$0.412750 |
9/09/2019 |
10/1/2019 |
10/15/2019 |
$0.492188 |
$0.412750 |
- |
$0.079436 |
$0.005951 |
- |
$0.412750 |
Totals |
$1.968750 |
$1.651000 |
- |
$0.317750 |
$0.023807 |
- |
$1.651000 |
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:
DeclarationDate |
RecordDate |
PaymentDate |
2019 Distribution Per Share |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
2019
OrdinaryDividend |
2019QualifiedDividend |
2019Capital Gain
Distribution |
2019 Unrecaptured Section 1250 Gain |
2019 NonDividend
Distributions |
2019199A
Dividends 1 |
12/4/2018 |
1/1/2019 |
1/15/2019 |
$0.500000 |
$0.419301 |
- |
$0.080699 |
$0.006046 |
- |
$0.419301 |
3/19/2019 |
4/1/2019 |
4/15/2019 |
$0.500000 |
$0.419301 |
- |
$0.080699 |
$0.006046 |
- |
$0.419301 |
6/14/2019 |
7/1/2019 |
7/15/2019 |
$0.500000 |
$0.419301 |
- |
$0.080699 |
$0.006046 |
- |
$0.419301 |
9/09/2019 |
10/1/2019 |
10/15/2019 |
$0.500000 |
$0.419301 |
- |
$0.080699 |
$0.006046 |
- |
$0.419301 |
Totals |
$2.000000 |
$1.677204 |
- |
$0.322796 |
$0.024184 |
- |
$1.677204 |
(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 for federal income tax purposes (“REIT”). NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing mortgage-related and residential
housing-related assets and targets structured multi-family property
investments such as multi-family CMBS and preferred equity in, and
mezzanine loans to, owners of multi-family properties, residential
mortgage loans (including distressed residential mortgage loans,
non-QM loans, second mortgage loans and other residential mortgage
loans), non-Agency RMBS, Agency RMBS and other mortgage-related and
residential housing-related assets.
CONTACT: AT THE COMPANYKristine R. Nario-EngChief Financial
OfficerPhone: (646) 216-2363Email: knario@nymtrust.com
New York Mortgage (NASDAQ:NYMT)
Historical Stock Chart
From Aug 2024 to Sep 2024
New York Mortgage (NASDAQ:NYMT)
Historical Stock Chart
From Sep 2023 to Sep 2024