NEW YORK, Jan. 30, 2020 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced the following 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.
The Company's dividend distributions per share of common stock (CUSIP #649604501) are to be classified for income tax purposes as follows:
| Declaration Date | Record Date | Payment Date | 2019 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | ||||||
| 2019 Ordinary Dividend | 2019 Qualified Dividend | 2019 Capital Gain Distribution | 2019 Unrecaptured Section 1250 Gain | 2019 Non Dividend Distributions | 2019 199A Dividends1 | ||||||||||
| 3/19/2019 | 3/29/2019 | 4/25/2019 | $0.200000 | $0.105952 | - | $0.032279 | $0.002418 | $0.061769 | $0.105952 | ||||||
| 6/14/2019 | 6/24/2019 | 7/25/2019 | $0.200000 | $0.105952 | - | $0.032279 | $0.002418 | $0.061769 | $0.105952 | ||||||
| 9/09/2019 | 9/19/2019 | 10/25/2019 | $0.200000 | $0.105952 | - | $0.032279 | $0.002418 | $0.061769 | $0.105952 | ||||||
| 12/10/2019 | 12/20/2019 | 1/27/2020 | $0.200000 | $0.105952 | - | $0.032279 | $0.002418 | $0.061769 | $0.105952 | ||||||
| Totals | $0.800000 | $0.423808 | - | $0.129116 | $0.009672 | $0.247076 | $0.423808 | ||||||||
The Company's dividend distributions per share of 7.750% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | ||||
| Declaration Date | Record Date | Payment Date | 2019 Distribution Per Share | 2019 Ordinary Dividend | 2019 Qualified Dividend | 2019 Capital Gain Distribution | 2019 Unrecaptured Section 1250 Gain | 2019 Non Dividend Distributions | 2019 199A Dividends 1 |
| 12/4/2018 | 1/1/2019 | 1/15/2019 | $0.484375 | $0.406198 | - | $0.078177 | $0.005857 | - | $0.406198 |
| 3/19/2019 | 4/1/2019 | 4/15/2019 | $0.484375 | $0.406198 | - | $0.078177 | $0.005857 | - | $0.406198 |
| 6/14/2019 | 7/1/2019 | 7/15/2019 | $0.484375 | $0.406198 | - | $0.078177 | $0.005857 | - | $0.406198 |
| 9/09/2019 | 10/1/2019 | 10/15/2019 | $0.484375 | $0.406198 | - | $0.078177 | $0.005857 | - | $0.406198 |
| Totals | $1.937500 | $1.624792 | - | $0.312708 | $0.023428 | - | $1.624792 | ||
The Company's dividend distributions per share of 7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP #649604808) are to be classified for income tax purposes as follows:
| Declaration Date | Record Date | Payment Date | 2019 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |
| 2019 Ordinary Dividend | 2019 Qualified Dividend | 2019 Capital Gain Distribution | 2019 Unrecaptured Section 1250 Gain | 2019 Non Dividend Distributions | 2019 199A Dividends 1 | |||||
| 12/4/2018 | 1/1/2019 | 1/15/2019 | $0.492188 | $0.412750 | - | $0.079438 | $0.005952 | - | $0.412750 | |
| 3/19/2019 | 4/1/2019 | 4/15/2019 | $0.492188 | $0.412750 | - | $0.079438 | $0.005952 | - | $0.412750 | |
| 6/14/2019 | 7/1/2019 | 7/15/2019 | $0.492188 | $0.412750 | - | $0.079438 | $0.005952 | - | $0.412750 | |
| 9/09/2019 | 10/1/2019 | 10/15/2019 | $0.492188 | $0.412750 | - | $0.079436 | $0.005951 | - | $0.412750 | |
| Totals | $1.968750 | $1.651000 | - | $0.317750 | $0.023807 | - | $1.651000 | |||
The Company's dividend distributions per share of 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604881) are to be classified for income tax purposes as follows:
| Declaration Date | Record Date | Payment Date | 2019 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |
| 2019 Ordinary Dividend | 2019 Qualified Dividend | 2019 Capital Gain Distribution | 2019 Unrecaptured Section 1250 Gain | 2019 Non Dividend Distributions | 2019 199A Dividends 1 | |||||
| 12/4/2018 | 1/1/2019 | 1/15/2019 | $0.500000 | $0.419301 | - | $0.080699 | $0.006046 | - | $0.419301 | |
| 3/19/2019 | 4/1/2019 | 4/15/2019 | $0.500000 | $0.419301 | - | $0.080699 | $0.006046 | - | $0.419301 | |
| 6/14/2019 | 7/1/2019 | 7/15/2019 | $0.500000 | $0.419301 | - | $0.080699 | $0.006046 | - | $0.419301 | |
| 9/09/2019 | 10/1/2019 | 10/15/2019 | $0.500000 | $0.419301 | - | $0.080699 | $0.006046 | - | $0.419301 | |
| Totals | $2.000000 | $1.677204 | - | $0.322796 | $0.024184 | - | $1.677204 | |||
(1) Section 199A Dividends are reported in Box 5 of Form 1099-DIV. Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV. Section 199A Dividends shows the portion of the Ordinary Dividends in Box 1a that may be eligible for the 20% qualified business income deduction under Section 199A.
New York Mortgage Trust does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividend distributions and the information contained herein.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes (“REIT”). NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets and targets structured multi-family property investments such as multi-family CMBS and preferred equity in, and mezzanine loans to, owners of multi-family properties, residential mortgage loans (including distressed residential mortgage loans, non-QM loans, second mortgage loans and other residential mortgage loans), non-Agency RMBS, Agency RMBS and other mortgage-related and residential housing-related assets.