GREENWICH, Conn., Jan. 28, 2014 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced the tax treatment for the Company's aggregate distributions of $1.9546 per share of common stock (CUSIP: 85571B105) paid with respect to the calendar year ended December 31, 2013:
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Form 1099
Reference:
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(Boxes 1a +
2a + 3)
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Box 1a
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Box 1b
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Box 2a
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Box 2b
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Box 3
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Record
Date
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Payable
Date
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Cash
Distribution
Per Share
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Ordinary
Taxable
Dividend
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Taxable
Qualified
Dividends (1)
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Total Capital
Gain
Distribution
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Unrecaptured
1250 Gain (2)
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Nondividend
Distributions (3)
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12/31/12
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01/15/13
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0.2102
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0.1963
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0.0389
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0.0118
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-
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0.0021
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03/28/13
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04/15/13
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0.4400
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0.4108
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0.0814
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0.0248
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-
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0.0044
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06/28/13
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07/15/13
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0.4600
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0.4295
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0.0851
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0.0259
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-
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0.0046
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09/30/13
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10/15/13
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0.4600
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0.4295
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0.0851
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0.0259
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-
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0.0046
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12/31/13
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01/15/14
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0.3844
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0.3589
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0.0711
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0.0217
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-
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0.0038
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|
|
|
|
|
|
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|
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Totals
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1.9546
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1.8249
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0.3616
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0.1101
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-
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0.0195
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(1)
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Amounts in 1b are included in 1a
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(2)
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Amounts in 2b are included in 2a
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(3)
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Amounts in 3 are also known as Return of Capital
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As the Company's aggregate distributions exceeded its earnings and profits, a portion of the January 2014 distribution declared in the fourth quarter of 2013 and payable to shareholders of record as of December 31, 2013 will be treated as a 2014 distribution for federal tax purposes and is not included on the 2013 Form 1099.
About Starwood Property Trust
Starwood Property Trust is focused on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate debt investments, commercial mortgage-backed securities ("CMBS"), and other commercial real estate-related debt investments. Starwood Property Trust, through its 2013 acquisition of LNR Property LLC ("LNR"), now also operates as special servicer in the United States and a primary and special servicer in Europe and has expanded its product offering to include fixed rate conduit loans. Starwood Property Trust also invests in residential mortgage-backed securities ("RMBS") and residential real estate owned, and may invest in non-performing loans, commercial properties subject to net leases and residential mortgage loans. Starwood Property Trust is externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group, and has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
Investor Relations – Starwood Property Trust
Phone: 203-422-7788
Email: investorrelations@stwdreit.com
SOURCE Starwood Property Trust, Inc.