NEWTON, Mass.--(BUSINESS WIRE)--
Seven Hills Realty Trust (Nasdaq: SEVN) today announced that the characterization of dividends for 2021 income tax reporting purposes for both SEVN and Tremont Mortgage Trust (“TRMT”), prior to TRMT’s merger with and into SEVN, is as follows:
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SEVN Common Shares
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Dividend Allocation
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Per Share
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Section
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Total
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Unrecaptured
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Declaration
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Record
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Paid/Payable
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Dividends
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Ordinary
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199A
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Qualified
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Capital
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Section 1250
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Return of
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Dates
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Dates
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Dates
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Per Share
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Income
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Dividend(1)
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Dividend(2)
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Gain
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Gain(3)
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Capital
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04/15/21
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04/26/21
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05/20/21
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$0.15
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$0.1181
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$0.1181
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$0.0000
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$0.0000
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$0.0000
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$0.0319
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07/15/21
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07/26/21
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08/19/21
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$0.15
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$0.1181
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$0.1181
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$0.0000
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$0.0000
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$0.0000
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$0.0319
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08/27/21
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09/07/21
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09/29/21
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$0.15
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$0.1181
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$0.1181
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$0.0000
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$0.0000
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$0.0000
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$0.0319
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TOTALS:
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$0.45
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$0.3543
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$0.3543
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$0.0000
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$0.0000
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$0.0000
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$0.0957
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(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.
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TRMT Common Shares
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Dividend Allocation
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Per Share
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Section
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Total
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Unrecaptured
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Declaration
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Record
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Paid/Payable
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Dividends
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Ordinary
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199A
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Qualified
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Capital
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Section 1250
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Return of
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Dates
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Dates
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Dates
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Per Share
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Income
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Dividend(1)
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Dividend(2)
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Gain
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Gain(3)
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Capital
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04/15/21
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04/26/21
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05/20/21
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$0.10
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$0.1000
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$0.1000
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$0.0000
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$0.0000
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$0.0000
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$0.0000
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07/15/21
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07/26/21
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08/19/21
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$0.10
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$0.1000
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$0.1000
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$0.0000
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$0.0000
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$0.0000
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$0.0000
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08/27/21
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09/07/21
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09/29/21
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$0.17
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$0.1700
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$0.1700
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$0.0000
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$0.0000
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$0.0000
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$0.0000
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TOTALS:
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$0.37
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$0.3700
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$0.3700
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$0.0000
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$0.0000
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$0.0000
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$0.0000
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(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.
For information regarding the effect on the tax basis of TRMT shares exchanged for SEVN shares, please see Form(s) 8937 published on the SEVN website: https://sevnreit.com/investors/stock-information/default.aspx.
SEVN’s common share CUSIP number is 81784E101. This information represents final income allocations.
Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Source: Seven Hills Realty Trust