Braemar Hotels & Resorts Inc. announced on January 27, 2025, the tax reporting information for its 2024 distributions on common and preferred shares. For common stock (CUSIP #10482B101), the total cash distribution of $0.2000000 per share was classified as 100% ordinary taxable dividend.
For its Series B Cumulative Convertible Preferred Stock (CUSIP #10482B200), the total cash distribution of $1.3752000 per share included a significant return of capital component, amounting to $1.0383956 per share, or 75.50870% of the total. The remaining 24.49130% was ordinary taxable dividend.
Similarly, other preferred share series, including Series D, E, and M, also had substantial portions of their 2024 distributions classified as return of capital. This detailed tax information is crucial for stockholders to consult with their tax advisors regarding federal, state, local, and foreign income tax effects.
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