NexPoint Real Estate Finance Announces 2023 Dividend Income Tax Treatment

    Author StockStreetNewsPosted on Categories Real EstateTags , , ,

    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

    [email protected]

    Media Relations

    Prosek Partners for NexPoint

    [email protected]

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-real-estate-finance-announces-2023-dividend-income-tax-treatment-302048528.html

    SOURCE NexPoint Real Estate Finance, Inc.

    Featured image: Deposit Photos © Itchaz

    Disclaimer