Broadmark Realty Capital Announces 2021 Tax Treatment of Dividends

SEATTLE–(BUSINESS WIRE)–Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark” or the “Company”), an internally managed secured real estate finance company, today announced the tax treatment of its 2021 cash dividends on the Company’s common stock, as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividends.

 
Common Stock (CUSIP #11135B100)
 

Dividend

Record

Date

Payment

Date(1)(2)

Form

Total Dividend

Per Share

Ordinary Dividend

Per Share(3)

Qualified Dividend

Per Share

Capital Gain Dividend

Per Share

Return of Capital

Per Share

Jan-21 1/29/2021 2/12/2021 Cash

$

0.07

 

0.053023

 

 

 

0.016977

Feb-21 2/26/2021 3/15/2021 Cash

$

0.07

 

0.053019

 

 

 

0.016981

Mar-21 3/31/2021 4/15/2021 Cash

$

0.07

 

0.053017

 

 

 

0.016983

Apr-21 4/30/2021 5/14/2021 Cash

$

0.07

 

0.053014

 

 

 

0.016986

May-21 5/28/2021 6/15/2021 Cash

$

0.07

 

0.053011

 

 

 

0.016989

Jun-21 6/30/2021 7/15/2021 Cash

$

0.07

 

0.052989

 

 

 

0.017011

Jul-21 7/30/2021 8/13/2021 Cash

$

0.07

 

0.052986

 

 

 

0.017014

Aug-21 8/31/2021 9/15/2021 Cash

$

0.07

 

0.052977

 

 

 

0.017023

Sep-21 9/30/2021 10/15/2021 Cash

$

0.07

 

0.052969

 

 

 

0.017031

Oct-21 10/29/2021 11/15/2021 Cash

$

0.07

 

0.052966

 

 

 

0.017034

Nov-21 11/30/2021 12/15/2021 Cash

$

0.07

 

0.052963

 

 

 

0.017037

Dec-21 12/31/2021 1/14/2022 Cash

$

0.07

 

0.070000

 

 

 

Totals

$

0.84

$

0.65

$

$

$

0.19

 
(1)

Pursuant to IRC Section 857(b)(9), for federal tax purposes, $5.5 million of the Company’s cash dividend made on January 15, 2021 with a record date of December 31, 2020, included in the 2020 tax treatment of dividends press release, is treated as received by stockholders on January 15, 2021 and included on the 2021 Form 1099-DIV.

(2)

Pursuant to IRC Section 857(b)(9), for federal tax purposes, the Company’s cash dividend made on January 14, 2022 with a record date of December 31, 2021 is treated as received by stockholders on January 14, 2022 as the Company’s aggregate cash dividends exceeded its 2021 tax earnings and profits and will be treated as a 2022 dividend and will not be included on the 2021 Form 1099-DIV.

(3)

Ordinary Dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” pursuant to IRC Section 199A(b)(1)(B). Please consult your personal tax advisor.

 

Forward Looking Statements

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions. These statements are based on the current expectations and are not predictions of actual performance. In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company’s overall business, including those more fully described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

About Broadmark Realty Capital

Broadmark Realty Capital Inc. (NYSE: BRMK) is an internally managed commercial real estate finance company that offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles.

Contacts

Investor Relations
[email protected]
206-623-7782

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