Ellington Residential Mortgage REIT Announces Tax Treatment of 2018 Distributions
Shareholders should review their Forms 1099 as well as other 2018 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.
During 2018, the Company paid total distributions of
Box 1a Total
Box 3 Return
Box 5 199A
1 Reported as nondividend distributions on Form 1099
During 2018, the Company did not generate qualified dividend income (QDI). As set forth above, all of the ordinary dividends paid in 2018 are considered qualified REIT dividends for the purpose of IRC 199A. Further, no portion of the Company's 2018 dividend distributions is expected to consist of unrelated business taxable income (UBTI), which is subject to special tax reporting for certain tax exempt investors, or excess inclusion income.
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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Ellington Residential Mortgage REIT
Amanda Klein or Kevin FitzGerald
Gasthalter & Co.
for Ellington Residential Mortgage REIT