KKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Feb 3, 2021–

KKR Real Estate Finance Trust Inc. (NYSE: KREF) (the “Company” or “KREF”) today announced an update to the tax treatment of its 2020 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2020:











Tax Treatment of 2020 Dividends
 

Record Date

 

Payment Date

 

Cash Disbursement

 

Adjustment

 

Dividend (1)

 

Ordinary Dividends (2)

 

Qualified Dividends

 

Capital Gain Dividends

 
December 31, 2019 January 15, 2020

$0.43

($0.32)

$0.11

$0.1125

$0.0009

$0.0000

March 31, 2020 April 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

June 30, 2020 July 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

September 30, 2020 October 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

December 31, 2020 January 15, 2021

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

$2.15

($0.32)

$1.83

$1.8325

$0.0141

$0.0000

(1)

Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2021 with a record date of December 31, 2020 are treated as received by shareholders on December

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OriginClear Agrees to Acquire First Real Estate Asset to Finance Water Projects

CLEARWATER, Fla.–(BUSINESS WIRE)–Feb 3, 2021–

OriginClear Inc. (OTCQB: OCLN ), The Water Company for the New Economy™, today announced that it has agreed to acquire its first real estate asset to finance water projects. Ivan Anz, OriginClear advisor and founder of strategic partner Philanthroinvestors® Inc., has agreed to personally invest certain real estate assets through an asset purchase agreement.

Anz will exchange a collection of properties which he has valued at $630,000, in return for a package of stock and warrants, with a future option to invest in a fund which the Company is planning for the development of pre-funded commercial water equipment projects.

“Philanthroinvestors has achieved a ranking of #83 on the 2020 Inc. 5000 list with its real estate venture,” said Anz. “Now that we are a partner and advisor to OriginClear, we are interested in helping it achieve a similar success in Water.”

The next steps will be to finalize valuation, complete the closing process and get the final approval of the Board of Directors. The Company cautions there is no guarantee this acquisition will be completed or that the eventual fund for the development of water projects will be funded.

About OriginClear, Inc. OTCQB:
OCLN

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KKR Real Estate Finance Trust Inc. Announces Adoption of Distributable Earnings Performance Metric

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Jan 25, 2021–

KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE:KREF) today announced that, based on recent guidance from the Securities and Exchange Commission, commencing with its fourth quarter 2020 earnings release and Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and for subsequent reporting periods, the Company has elected to present Distributable Earnings, a measure that is not prepared in accordance with GAAP, as a supplement to KREF’s GAAP net income reporting. The Company believes this metric will be a useful indicator for investors in evaluating the Company’s operating performance and its ability to pay dividends. Distributable Earnings will replace the Company’s prior presentation of Core Earnings, and Core Earnings presentations from prior reporting periods will be recast as Distributable Earnings and will be accompanied by relevant disclosures, including the Company’s policy of realizing loan losses through Distributable Earnings.

The Company defines Distributable Earnings as net income (loss) attributable to its stockholders or, without duplication, owners of its subsidiaries, computed in accordance with GAAP, including realized losses not otherwise

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Apollo Commercial Real Estate Finance, Inc. Announces 2020 Dividend Income Tax Treatment

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Jan 27, 2021 (GLOBE NEWSWIRE via COMTEX) —
NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the estimated federal income tax treatment of the Company’s 2020 distributions on its common stock (CUSIP #03762U105) and on its 8.00{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock.

The federal income tax classification of the 2020 distributions on the Company’s common stock as it is expected to be reported on Form 1099-DIV is set forth in the following table:

Record Date Payable Date Total Distribution Per Share Ordinary Income Per Share (2) Return of Capital Per Share Capital Gain Per Share
12/31/2019 01/15/2020 $0.46 $0.1816 $0.2784
03/31/2020 04/15/2020 $0.40 $0.1579 $0.2421
06/30/2020 07/15/2020 $0.35 $0.1382 $0.2118
09/30/2020 10/15/2020 $0.35 $0.1382 $0.2118
12/31/2020(1) 01/15/2021 $0.35

(1) Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986, as amended, cash distributions made on January 15, 2021 to stockholders of record as of December 31, 2020, are treated, to the extent of the Company’s 2020 tax earnings and

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Four Options To Finance A Real Estate Investment

Ben Grise, Owner-operator of InvestWithBen.com, where everyday people invest in highly discounted properties and private mortgage notes. 

Despite the turbulence of the pandemic-impacted economy, real estate continues to be a profitable investment. Home prices rose significantly last year, caused primarily by several factors on the demand side. The new work-from-home economy has driven increasing numbers of adults to move out of high-cost areas and work remotely.

Additionally, interest rates have held steady at record lows and, according to Fannie Mae, are expected to remain low in the future. Many experts predict that these trends will continue for the next several years, making the potential profit of real estate investment an exciting opportunity.

If these factors have convinced you to invest in real estate, then maybe you’re wondering: How can I finance a real estate investment? Real estate is a great investment but can come with a steep upfront price tag. Fortunately, you have several options.

Option 1: Finance your property with cash.

First, you could pay the full price for the property upfront with cash. Of course, this requires having the resources available to do this.

Pros: Paying upfront significantly improves your opportunity to purchase real estate since

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Home Improvement Finance Firm Can Tap $18M Ch. 11 Loans

Law360 (December 23, 2020, 7:25 PM EST) — Renovate America, a firm that provides home improvement financing services, received permission Wednesday in Delaware bankruptcy court to borrow $18 million in Chapter 11 loans as it seeks to sell its contractor and homeowner loan programs.

During a virtual first-day hearing, debtor attorneys said the interim approval from U.S. Bankruptcy Judge Laurie Selber Silverstein made the $18 million available immediately, with a final ask of $50 million coming next month.

Sharon Z. Weiss of Bryan Cave Leighton Paisner LLP said the debtor needed the money to pay down some of its existing debt while also funding its ongoing operations, including continuing…

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More than 25{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of Surveyed Homeowners Plan to Finance Home Improvement Projects by Borrowing from Contractor

FOSTER CITY, Calif., Dec. 22, 2020 /PRNewswire/ — Modernize.com, a leader in the home improvement and home services industry, recently surveyed more than 3,100 homeowners about how they plan to pay for their upcoming roofing, siding, window, HVAC and solar projects. Survey responses include the following highlights:

Expected financing for home renovations
While most respondents plan to pay for home improvements in cash, loans and credit cards will be used by nearly as many people.

  • Cash/Check: 41.66{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Financing/Loan: 29.63{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Other: 15.37{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Credit Card: 13.34{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}

Loan option preferences
For respondents who indicated they would pursue financing/getting a loan, over 25{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} hope to obtain financing through their contractor.

  • A loan through my contractor: 25.33{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Personal loan: 13.09{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Home Equity Loan: 7.39{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Home equity line of credit (HELOC): 6.30{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • FHA or VA Loan: 4.24{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}

Finance research timing
Those planning to finance were asked about when they will begin researching their financing options.

  • After meeting with contractors/after learning more about project cost: 33.48{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • After choosing a contractor for my project: 18.55{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}
  • Before meeting with contractors/I already started researching: 13.27{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}

“It’s paramount to compare three to four contractor quotes ahead of your project, to find the best contractor, price and financing options,” advises

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