AG MORTGAGE INVESTMENT TRUST, INC. 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 2015. 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 2015 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 2015, the Company did not generate qualified dividends income or 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 | Declaration Date | Record Date | Payable Date |
2015 Distribution |
2015 Ordinary |
2015 Capital | |||||||||||||
| Common Stock | 12/10/2015 | 12/21/2015 | 1/29/2016 | $ | 0.475 | $ | 0.475 | $ | 0.00 | ||||||||||
| Common Stock | 9/10/2015 | 9/21/2015 | 10/30/2015 | $ | 0.60 | $ | 0.60 | $ | 0.00 | ||||||||||
| Common Stock | 6/11/2015 | 6/22/2015 | 7/31/2015 | $ | 0.60 | $ | 0.60 | $ | 0.00 | ||||||||||
| Common Stock | 3/12/2015 | 3/23/2015 | 4/30/2015 | $ | 0.60 | $ | 0.60 | $ | 0.00 | ||||||||||
| Totals | $ | 2.275 | $ | 2.275 | $ | 0.00 | |||||||||||||
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 Date | Record Date | Payable Date |
2015 Distribution |
2015 Ordinary |
2015 Capital | |||||||||||||
| Series A Preferred | 11/13/2015 | 11/30/2015 | 12/17/2015 | $ | 0.51563 | $ | 0.51563 | $ | 0.00 | ||||||||||
| Series A Preferred | 8/14/2015 | 8/31/2015 | 9/17/2015 | $ | 0.51563 | $ | 0.51563 | $ | 0.00 | ||||||||||
| Series A Preferred | 5/14/2015 | 5/29/2015 | 6/17/2015 | $ | 0.51563 | $ | 0.51563 | $ | 0.00 | ||||||||||
| Series A Preferred | 2/12/2015 | 2/27/2015 | 3/17/2015 | $ | 0.51563 | $ | 0.51563 | $ | 0.00 | ||||||||||
| Totals | $ | 2.06252 | $ | 2.06252 | $ | 0.00 | |||||||||||||
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 Date | Record Date | Payable Date |
2015 Distribution |
2015 Ordinary |
2015 Capital | |||||||||||||
| Series B Preferred | 11/13/2015 | 11/30/2015 | 12/17/2015 | $ | 0.50 | $ | 0.50 | $ | 0.00 | ||||||||||
| Series B Preferred | 8/14/2015 | 8/31/2015 | 9/17/2015 | $ | 0.50 | $ | 0.50 | $ | 0.00 | ||||||||||
| Series B Preferred | 5/14/2015 | 5/29/2015 | 6/17/2015 | $ | 0.50 | $ | 0.50 | $ | 0.00 | ||||||||||
| Series B Preferred | 2/12/2015 | 2/27/2015 | 3/17/2015 | $ | 0.50 | $ | 0.50 | $ | 0.00 | ||||||||||
| Totals | $ | 2.00 | $ | 2.00 | $ | 0.00 | |||||||||||||
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 real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. 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. Please visit the Company’s website at www.agmit.com.
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