AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2019 Dividend Distributions
Stockholders should review the 2019 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 2019, 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:
Security |
Declaration |
Record |
Payable |
2019 |
2019 |
2019 |
2019 Capital |
Section 199A |
Common Stock |
3/15/2019 |
3/29/2019 |
4/30/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Common Stock |
6/14/2019 |
6/28/2019 |
7/31/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Common Stock |
9/6/2019 |
9/30/2019 |
10/31/2019 |
$0.45 |
$0.45 |
$0.00 |
$0.00 |
$0.45 |
Common Stock |
12/13/2019 |
12/31/2019 |
1/31/2020 |
$0.45 |
$0.45 |
$0.00 |
$0.00 |
$0.45 |
Totals |
$1.90 |
$1.90 |
$0.00 |
$0.00 |
$1.90 |
|||
(1) Qualified Dividends and Section 199A 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:
Security |
Declaration |
Record |
Payable |
2019 |
2019 |
2019 |
2019 Capital Gains |
Section 199A |
Series A Preferred |
2/15/2019 |
2/28/2019 |
3/18/2019 |
$0.51563 |
$0.51563 |
$0.00 |
$0.00 |
$0.51563 |
Series A Preferred |
5/17/2019 |
5/31/2019 |
6/17/2019 |
$0.51563 |
$0.51563 |
$0.00 |
$0.00 |
$0.51563 |
Series A Preferred |
8/16/2019 |
8/30/2019 |
9/17/2019 |
$0.51563 |
$0.51563 |
$0.00 |
$0.00 |
$0.51563 |
Series A Preferred |
11/15/2019 |
11/29/2019 |
12/17/2019 |
$0.51563 |
$0.51563 |
$0.00 |
$0.00 |
$0.51563 |
Totals |
$2.06252 |
$2.06252 |
$0.00 |
$0.00 |
$2.06252 |
|||
(1) Qualified Dividends and Section 199A 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:
Security |
Declaration |
Record |
Payable |
2019 |
2019 |
2019 |
2019 |
Section 199A |
Series B Preferred |
2/15/2019 |
2/28/2019 |
3/18/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Series B Preferred |
5/17/2019 |
5/31/2019 |
6/17/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Series B Preferred |
8/16/2019 |
8/30/2019 |
9/17/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Series B Preferred |
11/15/2019 |
11/29/2019 |
12/17/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Totals |
|
$2.00 |
$2.00 |
$0.00 |
$0.00 |
$2.00 |
||
(1) Qualified Dividends and Section 199A Dividends are a subset of, and included in, the Ordinary Dividends amount. |
The Company’s distributions per share on its Series C 8.000% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #001228402) are to be classified for income tax purposes as follows:
Security |
Declaration |
Record |
Payable |
2019 |
2019 |
2019 |
2019 |
Section 199A |
Series C Preferred |
11/15/2019 |
11/29/2019 |
12/17/2019 |
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
Totals |
|
$0.50 |
$0.50 |
$0.00 |
$0.00 |
$0.50 |
||
(1) Qualified Dividends and Section 199A 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.
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Source:
AG Mortgage Investment Trust, Inc.
Investor Relations
212-692-2110
ir@agmit.com