NEW YORK, Jan. 15 /PRNewswire-FirstCall/ -- Capital Trust, Inc. announced today the tax treatment of its 2007 common stock dividends.
During 2007, total dividends on Capital Trust's class A common stock were $5.10 per share. For tax reporting purposes, 100% of the 2007 distributions will be classified as ordinary, non-qualified dividends. The following table summarizes the payments on a quarterly basis.
Cash Distribution Dividend Declaration Date Record Date Payment Date Per Share Type 2/28/2007 3/31/2007 4/15/2007 $0.80 Regular 6/15/2007 6/30/2007 7/15/2007 $0.80 Regular 9/14/2007 9/30/2007 10/15/2007 $0.80 Regular 12/13/2007 12/31/2007 1/15/2008 * $0.80 Regular 12/19/2007 12/31/2007 1/15/2008 * $1.90 Special ----- $5.10 =====
* Distribution is treated as a dividend received by shareholders on 12/31/07 pursuant to IRC Section 857(b)(9).
Forward-Looking Statements
The forward-looking statements contained in this news release are subject to certain risks and uncertainties including, but not limited to, new origination volume, the continued credit performance of the Company's loan and CMBS investments, the asset/liability mix, the effectiveness of the Company's hedging strategy and the rate of repayment of the Company's portfolio assets, as well as other risks indicated from time to time in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
About Capital Trust
Capital Trust, Inc. is a finance and investment management company that specializes in credit-sensitive structured financial products. To date, the Company's investment activities have focused primarily on the real estate subordinate debt markets. Capital Trust executes its business both on balance sheet and through a series of third party investment management vehicles. The Company is organized as a real estate investment trust and is traded on the New York Stock Exchange under the symbol "CT." The Company is headquartered in New York City.
