New Residential Investment Corp. Announces Tax Treatment of 2019 Dividends
January 30 2020 - 4:15PM
Business Wire
New Residential Investment Corp. (NYSE: NRZ; “New Residential”
or the “Company”) today announced the tax treatment of its 2019
common and preferred stock dividend distributions.
Common Stock Dividends
During 2019, taxable dividends for New Residential’s common
stock (CUSIP #64828T201) were approximately $1.87 per share. The
following table summarizes the tax treatment for the 2019 common
stock distributions.
Record
Pay
Ordinary
Qualified
Section 199A
Long-Term
Return of
Date
Date(1)
Form
Dividend
Dividend(2)
Dividend(3)
Capital Gain
Capital
Total
Q4’18
12/31/18
01/25/2019
Cash
$0.3876
$0.0017
$0.3860
$0.0791
$0.0333
$0.50
Q1’19
04/04/19
04/26/2019
Cash
$0.3876
$0.0017
$0.3860
$0.0791
$0.0333
$0.50
Q2’19
07/01/19
07/26/2019
Cash
$0.3876
$0.0017
$0.3860
$0.0791
$0.0333
$0.50
Q3’19
10/03/19
10/31/2019
Cash
$0.3876
$0.0017
$0.3860
$0.0791
$0.0333
$0.50
(1) The Q4’19 common stock distribution is being treated as
received by stockholders and taxable in 2020. (2) Qualified
Dividend is a subset of, and included in, the Ordinary Dividend
amount. (3) Section 199A Dividend is a subset of, and included in,
the Ordinary Dividend amount.
7.50% Series A Fixed-to-Floating Rate
Cumulative Redeemable Preferred Stock (“Series A”)
Dividends
During 2019, taxable dividends for New Residential’s Series A
preferred stock (CUSIP #64828T300) were approximately $0.69 per
share. The following table summarizes the tax treatment for the
2019 Series A preferred stock distributions.
Record
Pay
Ordinary
Qualified
Section 199A
Long-Term
Return of
Date
Date
Form
Dividend
Dividend(1)
Dividend(2)
Capital Gain
Capital
Total
10/15/19
11/15/2019
Cash
$0.5831
$0.0023
$0.5808
$0.1096
-
$0.69
(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. (2) Section 199A Dividend is a subset of,
and included in, the Ordinary Dividend amount.
7.125% Series B Fixed-to-Floating Rate
Cumulative Redeemable Preferred Stock (“Series B”)
Dividends
During 2019, taxable dividends for New Residential’s Series B
preferred stock (CUSIP #64828T409) were approximately $0.45 per
share. The following table summarizes the tax treatment for the
2019 Series B preferred stock distributions.
Record
Pay
Ordinary
Qualified
Section 199A
Long-Term
Return of
Date
Date
Form
Dividend
Dividend(1)
Dividend(2)
Capital Gain
Capital
Total
10/15/19
11/15/2019
Cash
$0.3749
$0.0015
$0.3734
$0.0705
-
$0.45
(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount. (2) Section 199A Dividend is a subset of,
and included in, the Ordinary Dividend amount.
The data provided in this press release is provided for
informational purposes only and does not constitute tax advice.
Stockholders are urged to consult their own tax advisors regarding
any issues or decisions regarding the proper tax treatment of their
shares of New Residential.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to
the mortgage and financial services industries. With over $41
billion in assets as of September 30, 2019, New Residential has
built a diversified, hard-to-replicate portfolio with high-quality
investment strategies that have generated returns across different
interest rate environments. New Residential’s portfolio is composed
of mortgage servicing related assets (including investments in
operating entities consisting of servicing, origination, and
affiliated businesses), residential securities (and associated
called rights) and loans, and consumer loans. New Residential’s
investments in operating entities include its mortgage origination
and servicing subsidiary, NewRez, and its special servicing
division, Shellpoint Mortgage Servicing, as well as investments in
affiliated businesses that provide services that are complementary
to the origination and servicing businesses and other portfolios of
mortgage related assets. Since inception in 2013, New Residential
has a proven track record of performance, growing and protecting
the value of its assets while generating attractive risk-adjusted
returns and delivering over $3 billion in dividends to
shareholders. New Residential is organized and conducts its
operations to qualify as a real estate investment trust (“REIT”)
for federal income tax purposes. New Residential is managed by an
affiliate of Fortress Investment Group LLC, a global investment
management firm, and headquartered in New York City.
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version on businesswire.com: https://www.businesswire.com/news/home/20200130005638/en/
New Residential Investor Relations Kaitlyn Mauritz
212-479-3150 IR@NewResi.com
New Residential Investment (NYSE:NRZ)
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