Ellington Residential Mortgage REIT Announces Tax Treatment Of 2014 Dividend Distributions
Shareholders should review their Forms 1099 as well as other 2014 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, shareholders are encouraged to consult with their own professional tax advisors with respect to their individual tax consequences.
According to the Internal Revenue Code of 1986 ("the Code"), if a Real Estate Investment Trust ("REIT") declares dividends in the last three months of a calendar year, with a record date in that calendar year, but which are payable in the first month of the following year, such dividends are considered paid for the recipient's tax and Form 1099 reporting purposes on the record date and not on the payable date, to the extent the REIT has any remaining undistributed earnings and profits (as computed for income tax purposes) as of the last day of that calendar year. EARN declared a dividend in
During 2014, the company declared total dividends of
Declaration Date |
Record Date |
Payable Date |
Total Distribution Per Share |
2014 Distribution Per Share |
2015 Distribution Per Share |
2014 Ordinary Dividends |
2014 Return of Capital |
03/12/14 |
03/31/14 |
04/28/14 |
$ 0.55 |
$ 0.55 |
$ - |
$ 0.55 |
$ - |
06/17/14 |
06/30/14 |
07/25/14 |
$ 0.55 |
$ 0.55 |
$ - |
$ 0.55 |
$ - |
09/11/14 |
09/30/14 |
10/27/14 |
$ 0.55 |
$ 0.55 |
$ - |
$ 0.55 |
$ - |
12/11/14 |
12/31/14 |
01/26/15 |
$ 0.55 |
$ 0.55 |
$ - |
$ 0.55 |
$ - |
During 2014,
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. For example, our results can fluctuate from month to month and quarter to quarter depending on a variety of factors, some of which are beyond our control and/or difficult to predict, including, without limitation, changes in interest rates, changes in default rates and prepayment speeds, and other changes in market and economic conditions. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A to the Company's Annual Report on Form 10-K filed on
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