Claros Mortgage Trust, Inc. Announces Tax Treatment of 2022 Dividends
February 02 2023 - 4:34PM
Business Wire
Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or
“CMTG”) today announced the tax treatment of its 2022 common stock
dividends. The following table summarizes CMTG’s common stock
dividend payments per share for the tax year ended December 31,
2022:
Record Date
Payment Date
Cash Distribution
Adjustment
Dividend (1)
Ordinary Dividends(2)
Qualified Dividends
Capital Gain Dividends
12/31/2021
1/15/2022
$0.00
$0.21
$0.21(3)
$0.2058
$0.0000
$0.0000
3/31/2022
4/15/2022
$0.37
$0.00
$0.37
$0.3700
$0.0000
$0.0000
6/30/2022
7/15/2022
$0.37
$0.00
$0.37
$0.3700
$0.0000
$0.0000
9/30/2022
10/14/2022
$0.37
$0.00
$0.37
$0.3700
$0.0000
$0.0000
12/30/2022
1/13/2023
$0.37
($0.28)
$0.09
$0.0946
$0.0000
$0.0000
$1.48
($0.07)
$1.41
$1.4104
$0.0000
$0.0000
- Pursuant to IRC Section 857(b)(9), cash distributions made on
January 13, 2023 with a record date of December 30, 2022 are
treated as received by shareholders on December 31, 2022 to the
extent of 2022 earnings and profits. As the Company’s aggregate
2022 dividends declared exceeded its 2022 earnings and profits, a
portion of the January 2023 cash distribution declared in the
fourth quarter of 2022 was treated as a 2023 distribution for
federal income tax purposes and not included on the 2022 Form 1099.
If you were a shareholder of record as of December 30, 2022, $0.09
is reported on your 2022 Form 1099 and $0.28 will be reported on
your 2023 Form 1099.
- Ordinary dividends that are "qualified REIT dividends" are
eligible for the 20% deduction under IRC Section 199A(b)(1)(B).
Shareholders are encouraged to consult with their own tax advisors
as to their specific tax treatment of the Company's
distributions.
- As the Company’s aggregate 2021 dividends declared exceeded its
2021 earnings and profits, a portion of the January 2022 cash
distribution declared in the fourth quarter of 2021 was treated as
a 2022 distribution for federal income tax purposes and not
included on the 2021 Form 1099. If you were a stockholder of record
as of December 31, 2021, $0.21 is reported on your 2022 Form 1099
and $0.16 was reported on your 2021 Form 1099.
About Claros Mortgage Trust,
Inc.
CMTG is a real estate investment trust that is focused primarily
on originating senior and subordinate loans on transitional
commercial real estate assets located in major markets across the
U.S. CMTG is externally managed and advised by Claros REIT
Management LP, an affiliate of Mack Real Estate Credit Strategies,
L.P. Additional information can be found on the Company’s website
at www.clarosmortgage.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230202005864/en/
Investor Relations: Claros Mortgage Trust, Inc.
Anh Huynh 212-484-0090 cmtgIR@mackregroup.com Media
Relations: Financial Profiles Kelly McAndrew
203-613-1552 Kmcandrew@finprofiles.com
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