Anworth Announces 2016 Dividend Tax Information
Stockholders should check the tax statements they receive from brokerage firms to ensure that the Anworth dividend information reported in those statements conforms to the information reported herein. Furthermore, stockholders should consult their tax advisors to determine the taxes that should be paid on Anworth’s dividends.
As a REIT, Anworth’s dividends are generally not eligible for rate reductions enacted for certain types of dividend income under the Jobs and Growth Tax Relief Reconciliation Act of 2003. Thus, the portion of Anworth’s dividends that are characterized as ordinary income generally will be taxed at full ordinary income rates. For stockholders that are corporations, Anworth’s dividends are not eligible for the corporate dividends-received deduction.
As each stockholder’s tax situation may be different and each dividend distribution may have its own separate tax status, the tables below provide the detailed tax information for each of Anworth’s dividends declared during our 2016 fiscal year:
|
8.625% Series A Cumulative Preferred Stock (CUSIP 037347 20 0) |
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|
Declaration |
Record |
Payable |
2016 |
2016 |
2016 |
Short-Term |
Carry-Over to 2017 |
||||||||||||||
| |
|
|
|
|
$ - | $ - | $ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
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|
|
|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| Total | |
|
$ - | |
$ - | ||||||||||||||||
|
6.25% Series B Cumulative Convertible Preferred Stock (CUSIP 037347 30 9) |
|||||||||||||||||||||
|
Declaration |
Record |
Payable |
2016 |
2016 |
2016 |
Short-Term |
Carry-Over to 2017 |
||||||||||||||
| |
|
|
|
|
$ - | $ - | $ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| Total | |
|
$ - | $0.601935 | $ - | ||||||||||||||||
(1) The Series B Preferred Stock is convertible into shares of our common stock. The conversion rate is adjusted per a stated formula when distributions are made to our common stockholders. The value of any conversion rate increase is a deemed distribution for tax purposes and taxable to holders of our Series B Preferred Stock to the extent supported by earnings and profits and is included in the table above. See Forms 8937 on our Company website for additional details.
|
7.625% Series C Cumulative Redeemable Preferred Stock (CUSIP 037347 40 8) |
|||||||||||||||||||||
|
Declaration |
Record |
Payable |
2016 |
2016 |
2016 |
Short-Term |
Carry-Over to 2017 |
||||||||||||||
| |
|
|
|
|
$ - | $ - | $ - | ||||||||||||||
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|
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|
$ - | |
$ - | ||||||||||||||
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|
|
|
$ - | |
$ - | ||||||||||||||
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|
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|
|
$ - | |
$ - | ||||||||||||||
| |
|
|
|
|
$ - | |
$ - | ||||||||||||||
| Total | |
|
$ - | |
$ - | ||||||||||||||||
|
Common Stock (CUSIP 037347 10 1) |
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|
Declaration |
Record |
Payable |
2016 |
2016 |
2016 Return of |
Short-Term |
Carry-Over to 2017 |
|||||||||||||
| |
|
|
|
|
$ - | $ - | $ - | |||||||||||||
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$ - | |
$ - | |||||||||||||
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$ - | |
$ - | |||||||||||||
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$ - | |
$ - | |||||||||||||
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|
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|
$ - | |
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| Total | |
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$ - | |
|
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Because Anworth is a REIT, dividends declared in October, November or December of a calendar year with a record date in that calendar year but which are payable in January of the following year are considered paid for Form 1099 reporting purposes on the record date, 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
Dividends may be reinvested through Anworth’s Dividend Reinvestment Plan. Plan information may be obtained from the Plan Administrator,
About
Anworth is an externally-managed mortgage real estate investment trust. We invest primarily in mortgage-backed securities that are either rated “investment grade” or are guaranteed by federally sponsored enterprises, such as Fannie Mae or Freddie Mac. We seek to generate income for distribution to our shareholders primarily based on the difference between the yield on our mortgage assets and the cost of our borrowings. We are managed by
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon our current expectations and speak only as of the date hereof. Forward-looking statements, which are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may, ” “will, ” “believe, ” “expect, ” “anticipate, ” “assume,” “estimate,” “intend,” “continue, ” or other similar terms or variations on those terms or the negative of those terms. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including but not limited to, changes in interest rates; changes in the market value of our mortgage-backed securities; changes in the yield curve; the availability of mortgage-backed securities for purchase; increases in the prepayment rates on the mortgage loans securing our mortgage-backed securities; our ability to use borrowings to finance our assets and, if available, the terms of any financing; risks associated with investing in mortgage-related assets; changes in business conditions and the general economy, including the consequences of actions by the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170210005429/en/
(310) 255-4438 or (310) 255-4493
[email protected]
http://www.anworth.com
Source:



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