Ladder Capital Corp ("Ladder" or the "Company") LADR today announced the tax treatment of its 2017 Class A common stock dividend payments. For the tax year ended December 31, 2017 the tax treatment of distributions paid in respect of Class A common stock are as follows:
|
Record Date |
Payable Date |
Distribution per Share |
Ordinary Dividends |
Qualified Dividends |
Capital Gain |
Unrecaptured 1250 Gain |
||||||||||||||
|
12/27/2016 |
1/24/2017(1) |
$0.059 |
$0.054 |
$ - |
$0.005 |
$ - |
||||||||||||||
|
3/13/2017 |
4/3/2017 |
0.300 |
0.276 |
- |
0.024 |
- |
||||||||||||||
|
6/12/2017 |
7/3/2017 |
0.300 |
0.276 |
- |
0.024 |
- |
||||||||||||||
|
9/11/2017 |
10/2/2017 |
0.300 |
0.276 |
- |
0.024 |
- |
||||||||||||||
|
12/11/2017 |
1/3/2018(2) |
0.265 |
0.244 |
- |
0.021 |
- |
||||||||||||||
|
Total 2017 Dividends |
$1.224 |
$1.126 |
$ - |
$0.098 |
$ - |
|||||||||||||||
|
|
||||||||||||||||||||
| (1) $0.401 of the $0.460 fourth quarter dividend paid on 1/24/2017 is considered a 2016 dividend for U.S. federal income tax purposes. $0.059 is considered a 2017 dividend for U.S. federal income tax purposes and will be reflected in 2017 tax reporting. |
| (2) $0.265 of the $0.315 fourth quarter dividend paid on 1/3/2018 is considered a 2017 dividend for U.S. federal income tax purposes. $0.050 is considered a 2018 dividend for U.S. federal income tax purposes and will be reflected in 2018 tax reporting. |
About Ladder
Ladder is an internally-managed real estate investment trust that is a leader in commercial real estate finance. Ladder originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Ladder's investment activities include: (i) direct origination of commercial real estate first mortgage loans; (ii) investments in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate equity. Founded in 2008, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Led by Brian Harris, the Company's Chief Executive Officer, Ladder is headquartered in New York City and has branches in Los Angeles and Boca Raton.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180130005349/en/
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