KKR Real Estate Finance Trust Inc. Tax Treatment of 2021 Dividends

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its 2021 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2021:

Tax Treatment of 2021 Dividends
Record Date	Payment Date	Cash Distribution	Adjustment		Dividend^(1)	Ordinary Dividends^(2)	Qualified Dividends	Capital Gain Dividends
December 31, 2020	January 15, 2021	$0.43	($0.43	)	$0.00	$0.0000	$0.0000	$0.0000
March 31, 2021	April 15, 2021	$0.43	$0.00		$0.43	$0.4262	$0.0050	$0.0038
June 30, 2021	July 15, 2021	$0.43	$0.00		$0.43	$0.4262	$0.0050	$0.0038
September 30, 2021	October 15, 2021	$0.43	$0.00		$0.43	$0.4262	$0.0050	$0.0038
December 31, 2021	January 14, 2022	$0.43	($0.20	)	$0.23	$0.2280	$0.0027	$0.0020
		$2.15	($0.63	)	$1.52	$1.5066	$0.0177	$0.0134

⁽¹⁾ Pursuant to IRC Section 857(b)(9), cash distributions made on January 14, 2022 with a record date of December 31, 2021 are treated as received by shareholders on December 31, 2021 to the extent of 2021 earnings and profits.
⁽²⁾ Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B).

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividends.

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.