Seven Hills Realty Trust Announces 2024 Dividend Allocations

NEWTON, Mass.--(BUSINESS WIRE)--January 21, 2025-- 

Seven Hills Realty Trust (Nasdaq: SEVN) today announced that the characterization of dividends for 2024 income tax reporting is as follows:

SEVN Common Shares

 
                                                                      Dividend Allocation Per Share 
                                                   -------------------------------------------------------------------- 
                                        Dividends              Section                  Total   Unrecaptured 
Declaration    Record    Paid/Payable      Per     Ordinary     199A       Qualified   Capital  Section 1250  Return of 
    Dates       Dates        Dates        Share     Income   Dividend(1)  Dividend(2)   Gain      Gain(3)      Capital 
------------  ---------  -------------  ---------  --------  -----------  -----------  -------  ------------  --------- 
  01/11/24    01/22/24     02/15/24       $0.35    $0.3500     $0.3500      $0.0000    $0.0000    $0.0000      $0.0000 
  04/11/24    04/22/24     05/16/24       $0.35    $0.3500     $0.3500      $0.0000    $0.0000    $0.0000      $0.0000 
  07/11/24    07/22/24     08/15/24       $0.35    $0.3500     $0.3500      $0.0000    $0.0000    $0.0000      $0.0000 
  10/16/24    10/28/24     11/14/24       $0.35    $0.3500     $0.3500      $0.0000    $0.0000    $0.0000      $0.0000 
                                        ---------  --------  -----------  -----------  -------  ------------  --------- 
                TOTALS:                   $1.40    $1.4000     $1.4000      $0.0000    $0.0000    $0.0000      $0.0000 
                                        ---------  --------  -----------  -----------  -------  ------------  --------- 
 

(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.

(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.

(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

SEVN's common share CUSIP number is 81784E101. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV. For additional information, please see the SEVN website: https://sevnreit.com/investors/stock-information/default.aspx

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company focused on originating and investing in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with nearly $41 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250121078905/en/

 
    CONTACT:    Timothy Bonang, Senior Vice President 

(617) 231-3223

(END) Dow Jones Newswires

January 21, 2025 16:15 ET (21:15 GMT)