Ellington Financial Inc. Announces the Income Tax Treatment of its 2020 Distributions
Stockholders should review their Forms 1099 as well as other 2020 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, stockholders are encouraged to consult with their own professional tax advisors with respect to their individual tax consequences.
Common Stock Distributions
During 2020, the Company paid total distributions of
Declaration Date |
Record Date |
Payable Date |
Total Distribution Per Share |
Box 1a Total Ordinary Dividends |
Box 1b Total Qualified Dividends (Included in Box 1a) |
Box 2a Total Capital Gain Distributions |
Box 3 Return of Capital1 |
Box 5 199A Dividends (Included in Box 1a) |
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1 |
Reported as nondividend distributions on Form 1099 |
6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Distributions
According to the Internal Revenue Code of 1986, as amended, if a Real Estate Investment Trust (“REIT”) declares dividends in the last three months of a calendar year, with a record date in that calendar year, but which are payable in the first month of the following calendar year, such dividends are deemed paid for the recipient’s tax and Form 1099 reporting purposes on
During calendar year 2020, the Company paid total distributions of
Declaration Date |
Record Date |
Payable Date |
Total Distribution Per Share |
Box 1a Total Ordinary Dividends |
Box 1b Total Qualified Dividends (Included in Box 1a) |
Box 2a Total Capital Gain Distribution |
Box 5 199A Dividends (Included in Box 1a) |
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$0.11919 |
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$0.11919 |
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$0.11919 |
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No portion of the Company's 2020 distributions is expected to consist of unrelated business taxable income (UBTI), which is subject to special tax reporting for certain tax exempt investors, or is expected to consist of excess inclusion income.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company’s actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek," or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Examples of forward-looking statements in this press release include, without limitation, statements regarding the expected tax treatment of the Company’s dividends. The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's securities, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940, the Company’s ability to qualify and maintain its qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends, including changes resulting from the economic effects related to the COVID-19 pandemic, and associated responses to the pandemic. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of the Company's Annual Report on Form 10-K filed on
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20210201005903/en/
Investors:
Investor Relations
(203) 409-3575
info@ellingtonfinancial.com
or
Media:
for
(212) 257-4170
Ellington@gasthalter.com
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