Blackstone Mortgage Trust Announces Tax Treatment Of 2015 Dividends

Jan 25, 2016, 16:16 ET from Blackstone Mortgage Trust, Inc.

NEW YORK, Jan. 25, 2016 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2015 common stock dividends. The following table summarizes Blackstone Mortgage Trust's class A common stock dividend payments for the tax year ended December 31, 2015:

Record

Payment

Cash

Ordinary

Qualified

Capital Gain

Date

Date

Distribution

Adjustment

Dividend(1)

Dividends

Dividends

Dividends

12/31/2014

1/15/2015

$  0.00

$  0.06

  $  0.06(2)

$0.055415

$0.000000

$0.004585

3/31/2015

4/15/2015

$  0.52

$  0.00

$  0.52

$0.480265

$0.000000

$0.039735

6/30/2015

7/15/2015

$  0.52

$  0.00

$  0.52

$0.480265

$0.000000

$0.039735

9/30/2015

10/15/2015

$  0.62

$  0.00

$  0.62

$0.572624

$0.000000

$0.047376

12/31/2015

1/15/2016

$  0.62

$ (0.06)

  $  0.56(3)

$0.517208

$0.000000

$0.042792

$  2.28

$ (0.00)

$  2.28

$2.105777

$0.000000

$0.174223

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2015 with a record date of December 31, 2014 are treated as received by shareholders on December 31, 2014 to the extent of 2014 earnings and profits. Similarly, cash distributions made on January 15, 2016 with a record date of December 31, 2015 are treated as received by shareholders on December 31, 2015 to the extent of 2015 earnings and profits.

(2) As the Company's aggregate 2014 cash distributions exceeded its 2014 earnings and profits, a portion of the January 2015 cash distribution declared in the fourth quarter of 2014 was treated as a 2015 distribution for federal income tax purposes and not included on the 2014 Form 1099. If you were a stockholder of record as of December 31, 2014, $0.46 was reported on your 2014 Form 1099 and $0.06 is reported on your 2015 Form 1099.

(3) As the Company's aggregate 2015 cash distributions exceeded its 2015 earnings and profits, a portion of the January 2016 cash distribution declared in the fourth quarter of 2015 will be treated as a 2016 distribution for federal income tax purposes and not included on the 2015 Form 1099. If you were a stockholder of record as of December 31, 2015, $0.56 is reported on your 2015 Form 1099 and $0.06 will be reported on your 2016 Form 1099.

About Blackstone Mortgage Trust Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that originates and acquires senior loans collateralized by properties in North America and Europe. BXMT is a real estate investment trust headquartered in New York City and is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.

About Blackstone Blackstone (NYSE: BX) is one of the world's leading investment firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone's asset management businesses, with over $330 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Forward-looking Statements This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone Mortgage Trust's current views with respect to, among other things, Blackstone Mortgage Trust's operations and financial performance, including performance of its recently acquired loan portfolio from GE Capital. You can identify these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone Mortgage Trust believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and under the section entitled "Risks Related to the Loan Portfolio Acquisition" in its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2015, as such factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission ("SEC") which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. Blackstone Mortgage Trust assumes no obligation to update or supplement forwardlooking statements that become untrue because of subsequent events or circumstances.

SOURCE Blackstone Mortgage Trust, Inc.



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