Arbor Realty Trust Announces Tax Treatment of 2023 Dividends
January 30 2024 - 4:15PM
Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax
treatment of its 2023 dividend distributions for common and
preferred shares of beneficial interest.
For tax reporting
purposes, 100% of the distributions paid on our common stock during
2023 will be classified as dividend income. The 2023 taxable
distributions with respect to our common stock traded under ticker
symbol ABR are summarized as follows:
|
Common Shares (CUSIP #038923108) |
|
Record Date |
|
Payment Date |
|
TotalDistribution PerShare |
|
Non-QualifiedDividend(1) |
|
QualifiedDividend |
|
Capital GainDistribution |
|
3/13/2023 |
|
3/17/2023 |
|
$0.40 |
|
$0.40 |
|
$0.00 |
|
$0.00 |
|
5/19/2023 |
|
5/31/2023 |
|
|
0.42 |
|
|
0.42 |
|
|
0.00 |
|
|
0.00 |
|
8/15/2023 |
|
8/31/2023 |
|
|
0.43 |
|
|
0.43 |
|
|
0.00 |
|
|
0.00 |
|
11/17/2023 |
|
11/30/2023 |
|
|
0.43 |
|
|
0.43 |
|
|
0.00 |
|
|
0.00 |
|
|
|
|
|
$1.68 |
|
$1.68 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
The 2023 taxable
distributions with respect to our 6.375% Series D Cumulative
Redeemable Preferred Stock traded under ticker symbol ABR-PD are
summarized as follows:
|
6.375% Series D Cumulative Redeemable Preferred Stock
(CUSIP #038923876) |
|
Record Date |
|
Payment Date |
|
TotalDistribution PerShare |
|
Non-QualifiedDividend(1) |
|
QualifiedDividend |
|
Capital GainDistribution |
|
1/15/2023 |
|
1/31/2023 |
|
$0.3984375 |
|
$0.3984375 |
|
$0.00 |
|
$0.00 |
|
4/15/2023 |
|
5/1/2023 |
|
0.3984375 |
|
0.3984375 |
|
|
0.00 |
|
|
0.00 |
|
7/15/2023 |
|
7/31/2023 |
|
0.3984375 |
|
0.3984375 |
|
|
0.00 |
|
|
0.00 |
|
10/15/2023 |
|
10/30/2023 |
|
0.3984375 |
|
0.3984375 |
|
|
0.00 |
|
|
0.00 |
|
|
|
|
|
$1.5937500 |
|
$1.5937500 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
The 2023 taxable
distributions with respect to our 6.25% Series E Cumulative
Redeemable Preferred Stock traded under ticker symbol ABR-PE are
summarized as follows:
|
6.25% Series E Cumulative Redeemable Preferred Stock (CUSIP
#038923868) |
|
Record Date |
|
Payment Date |
|
TotalDistribution PerShare |
|
Non-QualifiedDividend(1) |
|
QualifiedDividend |
|
Capital GainDistribution |
|
1/15/2023 |
|
1/31/2023 |
|
$0.390625 |
|
$0.390625 |
|
$0.00 |
|
$0.00 |
|
4/15/2023 |
|
5/1/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
7/15/2023 |
|
7/31/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
10/15/2023 |
|
10/30/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
|
|
|
|
$1.562500 |
|
$1.562500 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
The 2023 taxable
distributions with respect to our 6.25% Series F Fixed to Floating
Cumulative Redeemable Preferred Stock traded under ticker symbol
ABR-PF are summarized as follows:
|
6.25% Series F Fixed to Floating Cumulative Redeemable
Preferred Stock (CUSIP #038923850) |
|
Record Date |
|
Payment Date |
|
TotalDistribution PerShare |
|
Non-QualifiedDividend(1) |
|
QualifiedDividend |
|
Capital GainDistribution |
|
1/15/2023 |
|
1/31/2023 |
|
$0.390625 |
|
$0.390625 |
|
$0.00 |
|
$0.00 |
|
4/15/2023 |
|
5/1/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
7/15/2023 |
|
7/31/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
10/15/2023 |
|
10/30/2023 |
|
|
0.390625 |
|
|
0.390625 |
|
|
0.00 |
|
|
0.00 |
|
|
|
|
|
$1.562500 |
|
$1.562500 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
(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, we are pleased to report that in 2023, we will not
pass through any excess inclusion income to our shareholders. As a
result, no portion of the 2023 dividends should be treated as
excess inclusion income for federal income tax purposes.
We do not issue K-1s
to holders of our common and preferred stock. Please contact your
financial advisor or broker to obtain information on a 1099
form.
Note: Shareholders are
encouraged to consult with their tax advisors as to their specific
tax treatment of our 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,
single-family rental (SFR) portfolios, 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
leading Fannie Mae DUS® lender and Freddie Mac
Optigo® Seller/Servicer, and an approved FHA Multifamily
Accelerated Processing (MAP) lender. Arbor’s product platform also
includes bridge, CMBS, mezzanine and preferred
equity loans. 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, 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, 2022 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.
Contact:Arbor Realty Trust, Inc.Paul Elenio,
Chief Financial Officer 516-506-4422pelenio@arbor.com
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