AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2016 Dividend Distributions
Stockholders should review the 2016 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.
During 2016, the Company did not make any return of capital
distributions. Additionally, because the Company is a REIT, dividends
declared in the last month of a calendar year with a record date in that
calendar year, but which are payable in January of the following year,
are considered paid for Form 1099 reporting purposes on
The Company’s distributions per share on its common stock (CUSIP #001228105) are to be classified for income tax purposes as follows:
2016 |
2016 |
2016 |
2016 |
|||||||||||
Security |
Declaration |
Distribution |
Ordinary |
Qualified |
Capital |
|||||||||
Description |
Date |
Record Date | Payable Date |
Per Share |
Dividends |
Dividends(1) |
Gains |
|||||||
Common Stock | 12/6/2016 | 12/19/2016 | 1/31/2017 | $0.475 | $0.475 | $0.02687 | $0.00 | |||||||
Common Stock | 9/12/2016 | 9/23/2016 | 10/31/2016 | $0.475 | $0.475 | $0.02687 | $0.00 | |||||||
Common Stock | 6/9/2016 | 6/20/2016 | 7/29/2016 | $0.475 | $0.475 | $0.02687 | $0.00 | |||||||
Common Stock | 3/10/2016 | 3/21/2016 | 4/29/2016 | $0.475 | $0.475 | $0.02687 | $0.00 | |||||||
Totals |
$1.90 |
$1.90 |
$0.10748 |
$0.00 |
||||||||||
(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount |
||||||||||||||
The Company’s distributions per share on its Series A 8.25% Cumulative Redeemable Preferred Stock (CUSIP #001228204) are to be classified for income tax purposes as follows:
2016 |
2016 |
2016 |
2016 |
|||||||||||
Security |
Declaration |
Distribution |
Ordinary |
Qualified |
Capital |
|||||||||
Description |
Date |
Record Date | Payable Date |
Per Share |
Dividends |
Dividends(1) |
Gains |
|||||||
Series A Preferred | 11/16/2016 | 11/30/2016 | 12/19/2016 | $0.51563 | $0.51563 | $0.02917 | $0.00 | |||||||
Series A Preferred | 8/15/2016 | 8/31/2016 | 9/19/2016 | $0.51563 | $0.51563 | $0.02917 | $0.00 | |||||||
Series A Preferred | 5/13/2016 | 5/31/2016 | 6/17/2016 | $0.51563 | $0.51563 | $0.02917 | $0.00 | |||||||
Series A Preferred | 2/12/2016 | 2/29/2016 | 3/17/2016 | $0.51563 | $0.51563 | $0.02917 | $0.00 | |||||||
Totals | $2.06252 | $2.06252 |
$0.11668 |
$0.00 | ||||||||||
(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount |
||||||||||||||
The Company’s distributions per share on its Series B 8.00% Cumulative Redeemable Preferred Stock (CUSIP #001228303) are to be classified for income tax purposes as follows:
2016 |
2016 |
2016 |
2016 |
|||||||||||
Security |
Declaration |
Distribution |
Ordinary |
Qualified |
Capital |
|||||||||
Description |
Date |
Record Date | Payable Date |
Per Share |
Dividends |
Dividends(1) |
Gains |
|||||||
Series B Preferred | 11/16/2016 | 11/30/2016 | 12/19/2016 | $0.50 | $0.50 | $0.02829 | $0.00 | |||||||
Series B Preferred | 8/15/2016 | 8/31/2016 | 9/19/2016 | $0.50 | $0.50 | $0.02829 | $0.00 | |||||||
Series B Preferred | 5/13/2016 | 5/31/2016 | 6/17/2016 | $0.50 | $0.50 | $0.02829 | $0.00 | |||||||
Series B Preferred | 2/12/2016 | 2/29/2016 | 3/17/2016 | $0.50 | $0.50 | $0.02829 | $0.00 | |||||||
Totals |
$2.00 |
$2.00 |
$0.11316 |
$0.00 |
||||||||||
(1) Qualified Dividends are a subset of, and included in, the Ordinary Dividends amount |
||||||||||||||
The information 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 the particular consequences of the distributions to them, including the applicability and effect of U.S. federal, state, local and foreign tax laws.
About
View source version on businesswire.com: http://www.businesswire.com/news/home/20170120005419/en/
Source:
AG Mortgage Investment Trust, Inc.
Investor Relations
Karen
Werbel, 212-692-2110
ir@agmit.com