AG Mortgage Investment Trust, Inc.
January 24 2020 - 4:15PM
Business Wire
Announces Tax Treatment of 2019 Dividend
Distributions
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”),
a real estate investment trust (REIT), announced today the tax
treatment of common and preferred stock dividends declared in 2019.
This information is provided to assist stockholders with tax
reporting requirements related to dividend distributions of taxable
income by the Company.
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 December 31 of the calendar year in which such dividend
was declared, not on the payable date, to the extent the REIT has
any remaining undistributed earnings and profits (as computed for
income tax purposes) as of December 31 of that calendar year.
The Company's distributions per share on its common stock (CUSIP
#001228105) are to be classified for income tax purposes as
follows:
Security Description
Declaration Date
Record Date
Payable Date
2019 Distribution Per Share
2019 Ordinary Dividends
2019 Qualified Dividends (1)
2019 Capital Gains
Section 199A Dividends (1)
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 Description
Declaration Date
Record Date
Payable Date
2019 Distribution Per Share
2019 Ordinary Dividends
2019 Qualified Dividends (1)
2019
Capital
Gains
Section 199A Dividends (1)
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 Description
Declaration Date
Record Date
Payable Date
2019 Distribution Per Share
2019 Ordinary Dividends
2019 Qualified Dividends (1)
2019 Capital Gains
Section 199A Dividends (1)
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 Description
Declaration Date
Record Date
Payable Date
2019 Distribution Per Share
2019 Ordinary Dividends
2019 Qualified Dividends (1)
2019 Capital Gains
Section 199A Dividends (1)
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.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT
that opportunistically invests in, acquires and manages a
diversified risk-adjusted portfolio of Agency RMBS and Credit
Investments, which include Residential Investments, Commercial
Investments, and ABS Investments. AG Mortgage Investment Trust,
Inc. is externally managed and advised by AG REIT Management, LLC,
a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered
investment adviser that specializes in alternative investment
activities. For additional information, please visit our website at
www.agmit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200124005463/en/
AG Mortgage Investment Trust, Inc. Investor Relations
212-692-2110 ir@agmit.com
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