NexPoint Real Estate Finance Announces 2023 Dividend Income Tax Treatment
January 30, 2024 at 06:01 pm EST
Share
DALLAS, Jan. 30, 2024 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) (the "Company") announced today the final income allocations of the Company's 2023 dividend distributions on its common stock, Series A Preferred Stock and Series B Preferred Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #65342V101)
Ex Dividend Date
Record Date
Payable Date
Distribution Per Share
Taxable Ordinary Income Per Share (1)(4)
Capital Gain Distributions Per Share (2)(3)(4)
Return of Capital Per Share
3/14/2023
3/15/2023
3/31/2023
$0.50000
$0.35401
$0.03991
$0.10608
3/14/2023
3/15/2023
3/31/2023
$0.18500
$0.13098
$0.01477
$0.03925
6/14/2023
6/15/2023
6/30/2023
$0.50000
$0.29142
$0.00000
$0.20858
6/14/2023
6/15/2023
6/30/2023
$0.18500
$0.10782
$0.00000
$0.07718
9/14/2023
9/15/2023
9/29/2023
$0.50000
$0.29142
$0.00000
$0.20858
9/14/2023
9/15/2023
9/29/2023
$0.18500
$0.10782
$0.00000
$0.07718
12/14/2023
12/15/2023
12/29/2023
$0.50000
$0.29142
$0.00000
$0.20858
12/14/2023
12/15/2023
12/29/2023
$0.18500
$0.10782
$0.00000
$0.07718
Totals
$2.74000
$1.68271
$0.05468
$1.00261
100.00 %
61.41 %
2.00 %
36.59 %
Series A Preferred Shares (CUSIP #65342V408)
Ex Dividend Date
Record Date
Payable Date
Distribution Per Share
Taxable Ordinary Income Per Share (1)(4)
Capital Gain Distributions Per Share (2)(3)(4)
Return of Capital Per Share
1/12/2023
1/13/2023
1/25/2023
$0.53125
$0.44655
$0.08470
$0.00000
4/12/2023
4/13/2023
4/25/2023
$0.53125
$0.53125
$0.00000
$0.00000
7/12/2023
7/13/2023
7/25/2023
$0.53125
$0.53125
$0.00000
$0.00000
10/12/2023
10/13/2023
10/25/2023
$0.53125
$0.53125
$0.00000
$0.00000
Totals
$2.12500
$2.04030
$0.08470
$0.00000
100.00 %
96.01 %
3.99 %
0.00 %
Series B Preferred Shares (CUSIP #65342V507)
Ex Dividend Date
Record Date
Payable Date
Distribution Per Share
Taxable Ordinary Income Per Share (1)
Capital Gain Distributions Per Share
Return of Capital Per Share
12/21/2023
12/22/2023
1/5/2024
$0.18750
$0.18750
$0.00000
$0.00000
Totals
$0.18750
$0.18750
$0.00000
$0.00000
100.00 %
100.00 %
0.00 %
0.00 %
(1) 100% of the amount reported as Taxable Ordinary Income is treated as a qualified REIT dividend for purposes of Section 199A
(2) The Section 897 Capital Gain amount is equal to 0% of the total Capital Gain Distribution
(3) Pursuant to Treasury Regulation §1.1061-6(c), NexPoint Real Estate Finance is disclosing additional information related to the
capital gain distributions reported on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to
direct and indirect holders of "applicable partnership interests." The "One Year Amounts Disclosure" is equal to 100% of the
total capital gain distribution and the "Three Year Amounts Disclosure" is equal to 0% of the capital gain distribution. None
of the capital gains distributions relate to Section 1231 gains.
(4) The Company has elected to apply Section 858 to a portion of it's current year dividends from the REIT's 2022 Earnings & Profits.
The Section 858 election was applied to the Common and Series A Preferred Dividends payable in Q1 2023.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NREF" primarily focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes and mortgage-backed securities. More information about the Company is available at nref.nexpoint.com.
CONTACTS
Investor Relations Kristen Thomas IR@nexpoint.com
Media Relations Prosek Partners for NexPoint pro-nexpoint@prosek.com
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NexPoint Real Estate Finance, Inc. is a commercial mortgage real estate investment trust (REIT). The Company is focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common stock investments, as well as multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes and mortgage-backed securities, or its target assets. The Company's primary investment objective is to generate attractive, risk-adjusted returns for stockholders over the long term. It intends to achieve this objective primarily by originating, structuring and investing in its target assets. It is focused on investing in real estate sectors, including in the multifamily, single-family rental, self-storage, hospitality and office sectors. Its business is conducted through NexPoint Real Estate Finance Operating Partnership, L.P. (the OP), the Company's operating partnership.