Stockholders should review the 2025 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Also, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their specific tax treatment of the Company's dividend distributions.
Adamas is required to report the portion of its 2025 dividends that are treated as excess inclusion income for federal income tax purposes. No portion of the Company's 2025 dividend distributions are expected to consist of excess inclusion income, which may be treated as unrelated business taxable income (UBTI) and subject to special tax reporting for certain tax-exempt investors.
The Company's dividend distributions per share of common stock (CUSIP #649604840) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||
| Declaration Date | Record Date | Payment Date | Distribution Per Share | Adjustments | 2025 Ordinary Dividend | 2025 Qualified Dividend | 2025 Capital Gain Distribution | 2025 Unrecaptured Section 1250 Gain | 2025 Non Dividend Distributions | 2025 199A Dividends(1) |
| - | $0.162005 | - | $0.162005 | |||||||
| - | $0.162005 | - | $0.162005 | |||||||
| - | $0.162005 | - | $0.162005 | |||||||
| - | - | |||||||||
| ( | - | - | - | - | - | - | ||||
| Totals | ( | - | ||||||||
| (A) | Cash distributions paid in | |
| (B) | Pursuant to IRC Section 857(b)(9), distributions made on | |
The Company’s dividend distributions per share of 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604881) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||||||
| Declaration Date | Record Date | Payment Date | 2025 Distribution Per Share | 2025 Ordinary Dividend | 2025 Qualified Dividend | 2025 Capital Gain Distribution | 2025 Unrecaptured Section 1250 Gain | 2025 Non Dividend Distributions | 2025 199A Dividends (1) | |||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| Totals | $2.00 | $1.772612 | - | $0.227388 | $0.227388 | - | $ 1.772612 | |||||||
The Company's dividend distributions per share of 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604873) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | ||||||||||
| Declaration Date | Record Date | Payment Date | 2025 Distribution Per Share | 2025 Ordinary Dividend | 2025 Qualified Dividend | 2025 Capital Gain Distribution | 2025 Unrecaptured Section 1250 Gain | 2025 Non Dividend Distributions | 2025 199A Dividends(1) | ||||||
| - | - | ||||||||||||||
| - | - | ||||||||||||||
| - | - | ||||||||||||||
| - | - | ||||||||||||||
| Totals | $2.574294775 | $2.281611689 | - | $0.292683086 | $0.292683086 | - | $2.281611689 | ||||||||
The Company's dividend distributions per share of 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604865) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||||||
| Declaration Date | Record Date | Payment Date | 2025 Distribution Per Share | 2025 Ordinary Dividend | 2025 Qualified Dividend | 2025 Capital Gain Distribution | 2025 Unrecaptured Section 1250 Gain | 2025 Non Dividend Distributions | 2025 199A Dividends(1) | |||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| Totals | $1.7187500 | $1.5233376 | - | $0.1954124 | $0.1954124 | - | $1.5233376 | |||||||
The Company's dividend distributions per share of 7.000% Series G Cumulative Redeemable Preferred Stock (CUSIP #649604857) are to be classified for income tax purposes as follows:
| Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||||||
| Declaration Date | Record Date | Payment Date | 2025 Distribution Per Share | 2025 Ordinary Dividend | 2025 Qualified Dividend | 2025 Capital Gain Distribution | 2025 Unrecaptured Section 1250 Gain | 2025 Non Dividend Distributions | 2025 199A Dividends(1) | |||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| - | - | |||||||||||||
| Totals | $1.750000 | $1.551036 | - | $0.198964 | $0.198964 | - | $1.551036 | |||||||
(1)Section 199A Dividends, if any, are reported in Box 5 of Form 1099-DIV. Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV. Section 199A Dividends shows the portion of the Ordinary Dividends in Box 1a that may be eligible for the 20% qualified business income deduction under Section 199A.
Adamas does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding
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Phone: 212-792-0107
Email: [email protected]
