AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2022 Distributions
January 31 2023 - 3:05PM
Business Wire
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”)
announced today the tax treatment of common and preferred stock
distributions paid to stockholders in 2022. This information is
provided to assist stockholders with tax reporting requirements
related to distributions of taxable income by the Company.
Stockholders should review the 2022 tax statements and/or Form
1099-DIV received from their brokerage firms or other institutions
to ensure those statements agree with the information provided
below. Also, as each stockholder’s tax situation may be different,
stockholders are encouraged to consult with their professional tax
advisor with respect to their individual tax reporting positions
regarding the Company’s distributions.
Common Stock
The Company's distributions per share on its common stock (CUSIP
#001228501) are to be classified for income tax purposes as
detailed in the below table. The Company’s common stock
distribution paid on January 31, 2022 to holders of record on
December 31, 2021 will be treated as a 2022 distribution for tax
purposes and the common stock distribution paid on January 31, 2023
to holders of record on December 30, 2022 will be treated as a 2023
distribution for tax purposes.
Record Date
Payable Date
2022 Distribution Per Share
2022 Ordinary Dividends
2022 Qualified Dividends (1)
2022 Return of Capital
2022 Capital
Gains
Section 199A Dividends (1)
12/31/2021
1/31/2022
$0.21
$0.00
$0.00
$0.21
$0.00
$0.00
3/31/2022
4/29/2022
$0.21
$0.00
$0.00
$0.21
$0.00
$0.00
6/30/2022
7/29/2022
$0.21
$0.00
$0.00
$0.21
$0.00
$0.00
9/30/2022
10/31/2022
$0.21
$0.00
$0.00
$0.21
$0.00
$0.00
Totals
$0.84
$0.00
$0.00
$0.84
$0.00
$0.00
(1) Qualified Dividends and Section 199A
Dividends are a subset of, and included in, the Ordinary Dividends
amount.
Preferred Stock
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:
Record Date
Payable Date
2022 Distribution Per Share
2022 Ordinary Dividends
2022 Qualified Dividends (1)
2022 Return of Capital
2022 Capital
Gains
Section 199A Dividends (1)
2/28/2022
3/17/2022
$0.51563
$0.36356
$0.02158
$0.15207
$0.00
$0.34198
5/31/2022
6/17/2022
$0.51563
$0.36356
$0.02158
$0.15207
$0.00
$0.34198
8/31/2022
9/19/2022
$0.51563
$0.36356
$0.02158
$0.15207
$0.00
$0.34198
11/30/2022
12/19/2022
$0.51563
$0.36356
$0.02158
$0.15207
$0.00
$0.34198
Totals
$2.06252
$1.45424
$0.08632
$0.60828
$0.00
$1.36792
(1) Qualified Dividends and Section 199A
Dividends are a subset of, and included in, the Ordinary Dividends
amount.
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:
Record Date
Payable Date
2022 Distribution Per Share
2022 Ordinary Dividends
2022 Qualified Dividends (1)
2022 Return of Capital
2022 Capital
Gains
Section 199A Dividends (1)
2/28/2022
3/17/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
5/31/2022
6/17/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
8/31/2022
9/19/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
11/30/2022
12/19/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
Totals
$2.00
$1.40
$0.08
$0.60
$0.00
$1.32
(1) Qualified Dividends and Section 199A
Dividends are a subset of, and included in, the Ordinary Dividends
amount.
The Company’s distributions per share on its Series C 8.000%
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP
#001228402) are to be classified for income tax purposes as
follows:
Record Date
Payable Date
2022 Distribution Per Share
2022 Ordinary Dividends
2022 Qualified Dividends (1)
2022 Return of Capital
2022 Capital
Gains
Section 199A Dividends (1)
2/28/2022
3/17/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
5/31/2022
6/17/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
8/31/2022
9/19/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
11/30/2022
12/19/2022
$0.50
$0.35
$0.02
$0.15
$0.00
$0.33
Totals
$2.00
$1.40
$0.08
$0.60
$0.00
$1.32
(1) Qualified Dividends and Section 199A
Dividends are a subset of, and included in, the Ordinary Dividends
amount.
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 residential mortgage
REIT with a focus on investing in a diversified risk-adjusted
portfolio of residential mortgage-related assets in the U.S.
mortgage market. AG Mortgage Investment Trust, Inc. is externally
managed and advised by AG REIT Management, LLC, a subsidiary of
Angelo, Gordon & Co., L.P., a leading privately-held
alternative investment firm focusing on credit and real estate
strategies.
Additional information can be found on the Company’s website at
www.agmit.com.
About Angelo Gordon
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a
privately-held alternative investment firm founded in November
1988. The firm currently manages approximately $52 billion with a
primary focus on credit and real estate strategies. Angelo Gordon
has over 650 employees, including more than 200 investment
professionals, and is headquartered in New York, with associated
offices elsewhere in the U.S., Europe and Asia. For more
information, visit www.angelogordon.com.
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AG Mortgage Investment Trust, Inc. Investor Relations
212-692-2110 ir@agmit.com
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