Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2024
31 Janeiro 2025 - 8:00AM
Business Wire
Ares Commercial Real Estate Corporation (NYSE: ACRE) (the
“Company”) today announced the 2024 tax treatment for the Company’s
common stock distributions (CUSIP # 04013V-10-8).
Form 1099 Reference:
Box 1a
Box 1b
Box 2a
Box 3
Box 5
Record Date
Payment Date
Cash Distribution Per Share
Allocable to 2024
Total Ordinary Dividends
Qualified Dividends (1)
Total Capital Gain
Distributions
Nondividend Distributions
Section 199A Dividends (1)
12/29/2023
1/17/2024
$0.3300(2)
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
3/28/2024
4/16/2024
$0.2500
$0.2500
$0.2242
$0.0000
$0.0000
$0.0258
$0.2242
6/28/2024
7/16/2024
$0.2500
$0.2500
$0.2242
$0.0000
$0.0000
$0.0258
$0.2242
9/30/2024
10/15/2024
$0.2500
$0.2500
$0.2242
$0.0000
$0.0000
$0.0258
$0.2242
12/31/2024
1/15/2025
$0.2500(3)
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
Totals
$0.7500
$0.6726
$0.0000
$0.0000
$0.0774
$0.6726
(1)
Boxes 1b and 5 are subsets of, and
included in, Box 1a.
(2)
The entire distribution of $0.3300 per
share was treated as taxable in 2023 pursuant to Section 857(b)(9)
of the Internal Revenue Code.
(3)
The entire distribution of $0.2500 per share is allocable to
2025.
The amounts indicated above are not classified as excess
inclusion income. Stockholders are encouraged to consult with their
own tax advisors as to their specific tax treatment of the
Company’s distributions.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance
company primarily engaged in originating and investing in
commercial real estate loans and related investments. Through its
national direct origination platform, the Company provides a broad
offering of flexible and reliable financing solutions for
commercial real estate owners and operators. The Company originates
senior mortgage loans, as well as subordinate financings, mezzanine
debt and preferred equity, with an emphasis on providing value
added financing on a variety of properties located in liquid
markets across the United States. Ares Commercial Real Estate
Corporation elected and qualified to be taxed as a real estate
investment trust and is externally managed by a subsidiary of Ares
Management Corporation. For more information, please visit
www.arescre.com. The contents of such website are not, and should
not be deemed to be, incorporated by reference herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20250131375411/en/
Investor Relations: Ares Commercial Real Estate
Corporation Carl Drake or John Stilmar 888-818-5298
iracre@aresmgmt.com
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