Claros Mortgage Trust, Inc. announced the tax treatment for its 2024 common stock dividends. The total cash distribution for the year ended December 31, 2024, was $0.60 per share. This included ordinary dividends, qualified REIT dividends, and non-dividend distributions.
The company clarified that the January 2024 cash distribution of $0.25, which was declared in the fourth quarter of 2023, was treated as a 2024 distribution for federal income tax purposes. This classification was made because the company's aggregate 2023 dividends exceeded its 2023 earnings and profits.
Shareholders are encouraged to consult with their own tax advisors regarding the specific tax treatment of these distributions. This announcement provides necessary information for tax reporting and planning for investors.
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