New Residential Investment Corp. (NYSE:NRZ; “New Residential” or the
“Company”) today announced the tax treatment of its 2017 common stock
dividend payments.
Common Stock Dividends
During 2017, taxable dividends for New Residential’s common stock (CUSIP
#64828T201) were approximately $1.44 per share. The following table
summarizes the tax treatment for the 2017 common stock dividend payments.
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Record
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Pay
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Ordinary
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Qualified
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Long-Term
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Return of
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Date
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Date
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Distribution
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Form
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Dividend
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Dividend(1)
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Capital Gain
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Capital
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4Q16
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12/30/16
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01/31/17
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0.4600
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Cash
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0.3066
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0.0097
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0.0360
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0.1174
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1Q17
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03/27/17
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04/28/17
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0.4800
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Cash
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0.3199
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0.0100
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0.0376
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0.1225
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2Q17
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07/03/17
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07/28/17
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0.5000
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Cash
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0.3332
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0.0105
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0.0391
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0.1277
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3Q17
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10/02/17
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10/27/17
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0.5000
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Cash
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0.3332
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0.0105
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0.0391
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0.1277
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Total (2)
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1.9400
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1.2929
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0.0407
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0.1518
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0.4953
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(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount.
(2) The entire 4Q17 common
stock distribution (paid in January 2018) is being treated as received
by stockholders and taxable in 2018.
The data 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 any issues or decisions
regarding the proper tax treatment of their shares of New Residential.
ABOUT NEW RESIDENTIAL
New Residential focuses on opportunistically investing in, and
actively managing, investments related to residential real estate. The
Company primarily targets investments in mortgage servicing related
assets and other related opportunistic investments. New Residential is
organized and conducts its operations to qualify as a real estate
investment trust (“REIT”) for federal income tax purposes. The Company
is managed by an affiliate of Fortress Investment Group LLC, a global
investment management firm.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180130006457/en/
Copyright Business Wire 2018