Starwood Property Trust, Inc. Announces Tax Reporting Information for 2009 Common Share Distributions
GREENWICH, Conn., Feb. 1 /PRNewswire-FirstCall/ -- Starwood Property Trust, Inc. (NYSE: STWD), a real estate investment trust focused primarily on originating, investing in, and financing commercial mortgage loans and other commercial real estate-related debt investments, today announced the tax reporting information (Federal 1099) for the year 2009 distributions on its common shares.
The income tax treatment for the 2009 distributions for Starwood Property Trust Common Stock CUSIP# 85571B105 traded on the NYSE under ticker symbol "STWD" is as follows:
Distribution Type --------------------- Ordinary Declaration Record Payable Distributions Taxable Return of Dates Dates Dates per Share Dividend Capital ---------------------------------------------------------------------- 9/18/2009 10/31/2009 1/29/2010 $0.01 $0.00 $0.01 9/18/2009 12/30/2009 1/29/2010 $0.10 $0.00 $0.10 ------------------------------- TOTALS $0.11 $0.00 $0.11 ------------------------------- PERCENT 100.00% 0.00% 100.00% ===============================
The dividends classified above are ordinary income and do not represent "qualified dividend income". The Company did not incur any foreign taxes. This information represents final income allocations.
The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax effects of these distributions.
Forward Looking Statements
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include completion of pending investments, continued ability to acquire additional investments, competition within the finance and real estate industries, economic conditions, and other risks detailed from time to time in the Company's reports filed with the SEC.
About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. (NYSE: STWD) is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. is externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group, and intends to elect to be taxed as a real estate investment trust for U.S. federal income tax purposes.
SOURCE Starwood Property Trust, Inc.
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