These changes do not impact the tax characterization of 2016 dividends previously announced on
Revised AMT Adjustment Information
AMT adjustments are to be apportioned between a real estate investment trust (“REIT”) and its shareholders under Internal Revenue Code Section 59(d). Although regulations have not yet been issued under that provision, based on regulations issued pursuant to a similar provision of prior law and the legislative history of the current provision, it would follow that such AMT adjustments are to be apportioned to a REIT’s shareholders to the extent that a REIT does not distribute its taxable income and opts to utilize Net Operating Losses (“NOLs”). On
RAIT is now revising its previously announced 4.36% AMT adjustment for each dividend to reflect RAIT’s determination that there is no AMT adjustment (0.00%) to RAIT’s common shareholders, Series A preferred shareholders, Series B preferred shareholders or Series C preferred shareholders for tax year ended
If you have questions, please consult your tax advisor for further guidance.
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