New York Mortgage Trust Announces Tax Treatment of 2021 Dividend Distributions
January 31 2022 - 5:11PM
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 2021. 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 2021 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:
|
|
|
|
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
Declaration Date |
Record Date |
Payment Date |
2021 Distribution Per Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
3/15/2021 |
3/25/2021 |
4/26/2021 |
$0.100000 |
$0.022711 |
- |
$0.009685 |
- |
$0.067601 |
$0.022711 |
6/14/2021 |
6/24/2021 |
7/26/2021 |
$0.100000 |
$0.022715 |
- |
$0.009685 |
- |
$0.067601 |
$0.022715 |
9/13/2021 |
9/23/2021 |
10/25/2021 |
$0.100000 |
$0.022715 |
- |
$0.009685 |
- |
$0.067601 |
$0.022715 |
12/13/2021 |
12/27/2021 |
1/25/2022 |
$0.100000 |
$0.022715 |
- |
$0.009685 |
- |
$0.067601 |
$0.022715 |
Totals |
$0.400000 |
$0.090856 |
- |
$0.038740 |
- |
$0.270404 |
$0.090856 |
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 |
2021 Distribution Per Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
12/7/2020 |
1/1/2021 |
1/15/2021 |
$0.484375 |
$0.437466 |
- |
$0.046909 |
- |
- |
$0.437466 |
3/15/2021 |
4/1/2021 |
4/15/2021 |
$0.484375 |
$0.437466 |
- |
$0.046909 |
- |
- |
$0.437466 |
6/14/2021 |
7/1/2021 |
7/15/2021 |
$0.484375 |
$0.437466 |
- |
$0.046909 |
- |
- |
$0.437466 |
9/13/2021 |
10/1/2021 |
10/15/2021 |
$0.484375 |
$0.437466 |
- |
$0.046909 |
- |
- |
$0.437466 |
|
(1) |
12/18/2021 |
$0.339063 (1) |
$0.306227 |
- |
$0.032836 |
- |
- |
$0.306227 |
Totals |
$2.276563 |
$ 2.056091 |
- |
$0.220472 |
- |
- |
$2.056091 |
(1) Series B Preferred Stock was redeemed in
full, effective on December 18, 2021 and this amount represents the
accrued dividend paid in connection with this redemption
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:
|
|
|
|
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
Declaration Date |
Record Date |
Payment Date |
2021 Distribution Per Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
12/7/2020 |
1/1/2021 |
1/15/2021 |
$0.4921875 |
$0.4445207 |
- |
$0.0476660 |
- |
- |
$0.4445207 |
3/15/2021 |
4/1/2021 |
4/15/2021 |
$0.4921875 |
$0.4445220 |
- |
$0.0476660 |
- |
- |
$0.4445220 |
6/14/2021 |
7/1/2021 |
7/15/2021 |
$0.4921875 |
$0.4445220 |
- |
$0.0476660 |
- |
- |
$0.4445220 |
|
(2) |
7/30/2021 |
$0.0820312 (2) |
$0.0740870 |
- |
$0.0079440 |
- |
- |
$0.0740870 |
Totals |
$1.5585937 |
$1.4076517 |
- |
$0.1509420 |
- |
- |
$1.4076517 |
(2) Series C Preferred Stock was redeemed in
full, effective on July 30, 2021 and this amount represents the
accrued dividend paid in connection with this redemption
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:
|
|
|
|
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
Declaration Date |
Record Date |
Payment Date |
2021 Distribution Per Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
12/7/2020 |
1/1/2021 |
1/15/2021 |
$0.500000 |
$0.451578 |
- |
$0.048422 |
- |
- |
$0.451578 |
3/15/2021 |
4/1/2021 |
4/15/2021 |
$0.500000 |
$0.451578 |
- |
$0.048422 |
- |
- |
$0.451578 |
6/14/2021 |
7/1/2021 |
7/15/2021 |
$0.500000 |
$0.451578 |
- |
$0.048422 |
- |
- |
$0.451578 |
9/13/2021 |
10/1/2021 |
10/15/2021 |
$0.500000 |
$0.451578 |
- |
$0.048422 |
- |
- |
$0.451578 |
Totals |
$2.000000 |
$ 1.806312 |
- |
$0.193688 |
- |
- |
$ 1.806312 |
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:
|
|
|
|
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
Declaration Date |
Record Date |
Payment Date |
2021 Distribution Per Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
12/7/2020 |
1/1/2021 |
1/15/2021 |
$0.4921875 |
$0.444520 |
- |
$0.047666 |
- |
- |
$0.444520 |
3/15/2021 |
4/1/2021 |
4/15/2021 |
$0.4921875 |
$0.444522 |
- |
$0.047666 |
- |
- |
$0.444522 |
6/14/2021 |
7/1/2021 |
7/15/2021 |
$0.4921875 |
$0.444522 |
- |
$0.047666 |
- |
- |
$0.444522 |
9/13/2021 |
10/1/2021 |
10/15/2021 |
$0.4921875 |
$0.444522 |
- |
$0.047666 |
- |
- |
$0.444522 |
Totals |
$1.9687500 |
$1.778086 |
- |
$0.190664 |
- |
- |
$1.778086 |
The Company's dividend distributions per share
of 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable
Preferred Stock (CUSIP #649604865) 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 |
2021 Distribution Per
Share |
2021 Ordinary
Dividend |
2021 Qualified
Dividend |
2021 Capital Gain
Distribution |
2021 Unrecaptured Section 1250 Gain |
2021 Non Dividend
Distributions |
2021 199A Dividends (4) |
9/13/2021 |
10/1/2021 |
10/15/2021 |
$0.467900 (3) |
$0.422586 |
- |
$0.045314 |
- |
- |
$0.422586 |
Totals |
$0.467900 |
$0.422586 |
- |
$0.045314 |
- |
- |
$0.422586 |
(3) Series F Preferred Stock was initially
issued on July 7, 2021 and this amount represents the initial
dividend paid on October 15, 2021, for the third quarter 2021
partial dividend period.
(4) 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 AT THE
COMPANY Investor Relations Phone: 212-792-0107 Email:
InvestorRelations@nymtrust.com
New York Mortgage (NASDAQ:NYMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
New York Mortgage (NASDAQ:NYMT)
Historical Stock Chart
From Jul 2023 to Jul 2024