Braemar Hotels & Resorts Unveils 2025 Tax Reporting Details for Shareholders
Braemar Hotels & Resorts Announces Important Tax Reporting Details for 2025 Shareholder Distributions
Braemar Hotels & Resorts Inc., a renowned name in the hospitality industry, has shared crucial tax reporting information for its common and preferred share distributions. Shareholders should prepare for the tax implications of their earnings from the financial activities of Braemar in 2025.
On January 15, 2025, Braemar distributed dividends to shareholders recorded as of December 31, 2024. This timing is significant for tax purposes, as these distributions will be reported for the 2025 tax year based on IRS Form 1099-DIV. In particular, the report outlines the specific income tax treatment applicable to each distribution, which is essential for shareholders, especially in the wake of increasing tax complexity in investments.
According to the released figures, the common stock holders will receive $0.20 per share, while various preferred stockholders will see different amounts depending on their specific stock series. Here’s a breakdown of the amounts reported for different shares:
| Security Description | CUSIP | Ticker Symbol | Distributions Per Share | Ordinary Taxable Dividend | Section 199A Dividend | Capital Gain Distribution | Return of Capital |
|---|---|---|---|---|---|---|---|
| ----- | - | --- | ---- | ------ | ---- | ----- | ---- |
| Common Stock | 10482B101 | BHR | $0.2000 | $0.0000 | $0.0000 | $0.0000 | $0.2000 |
| Series B Preferred | 10482B200 | BHRPrB | $1.3752 | $0.0000 | $0.0000 | $0.0000 | $1.3752 |
| Series D Preferred | 104823B09 | BHRPrD | $2.0624 | $0.0000 | $0.0000 | $0.0000 | $2.0624 |
| Series E Preferred | 10482B606 | N/A | $1.8750 | $0.0000 | $0.0000 | $0.0000 | $1.8750 |
| Series M Preferred | 10482B705 | BHRPrM | $2.1354 | $0.0000 | $0.0000 | $0.0000 | $2.1354 |
Each preferred share’s income tax treatment will vary significantly. For example, Series M preferred stock offers a higher dividend return compared to common shares. Shareholders must note that these distributions reflect the annual rate for shares reportable in 2025.
As part of compliance with IRS regulations, Braemar will also make available Form 8937, which details the return of capital amounts for distributions. This form can be accessed through the corporate actions section of the company’s website, aiding shareholders in understanding the basis of their securities.
Given the variety of tax implications depending on personal scenarios, Braemar highly recommends that shareholders consult with their tax advisors. This ensures they fully comprehend the federal, state, local, and even international ramifications of the disclosed dividends.
Looking after shareholders’ financial health, Braemar continues to maintain an impressive portfolio in the luxury hotel and resort sector. Focused on high-growth opportunities, the company has established a reputation for performance, often outperforming the national averages on revenue generation per room. The REIT specializes in managing strategically placed luxury urban and resort properties across the United States and U.S. territories in the Caribbean, leveraging its extensive industry experience.
As the investment landscape evolves, the importance of informed investment decisions becomes more crucial. The distribution announcements made by Braemar reinforce transparency between the company and its investors, showcasing their commitment to shareholder value and financial clarity.
In summary, for anyone invested in Braemar's shares, understanding this tax reporting information will be invaluable as you prepare for your 2025 tax responsibilities. Keep an eye on further updates from the company, especially as they continue to set benchmarks in the luxury hospitality sector.
Topics Financial Services & Investing）
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