Transforming Legal Clarity: How AI Legalese Decoder Simplifies KKR Real Estate Finance Trust Inc.’s Preferred Stock Dividend Announcement
- October 18, 2024
- Posted by: legaleseblogger
- Category: Related News
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KKR Real Estate Finance Trust Inc. Announces Dividend for Preferred Stockholders
NEW YORK, October 18, 2024 — (BUSINESS WIRE) — KKR Real Estate Finance Trust Inc. (the "Company" or "KREF") (NYSE: KREF) has made a significant announcement regarding its financial commitments to its investors. The Board of Directors has officially declared a dividend amounting to $0.40625 per share for each issued and outstanding share of the Company’s 6.50% Series A Cumulative Redeemable Preferred Stock. This announcement represents an annual dividend rate of $1.625 per share. The dividend is set to be payable on December 13, 2024, to all preferred stockholders on record as of November 29, 2024.
Overview of KKR Real Estate Finance Trust Inc.
KKR Real Estate Finance Trust Inc. operates as a key player in the realm of real estate financing. The company primarily focuses on the origination and acquisition of senior loans that are secured by commercial real estate properties. With a strong emphasis on strategically navigating the complex landscape of real estate finance, KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For more detailed information about the services and operations of KREF, stakeholders are encouraged to visit the company’s official website at www.kkrreit.com.
Understanding Forward-Looking Statements: A Cautionary Note
This press release contains a variety of forward-looking statements, which are defined under the "safe harbor" provisions of Section 27A of the Securities Act of 1933, as well as Section 21E of the Securities Exchange Act of 1934. These statements pertain to various expectations, beliefs, projections, strategic plans, and anticipated future events that are not grounded in historical facts. The forward-looking statements reflect the Company’s beliefs, assumptions, and expectations regarding future performance and are formed based on the information currently accessible to it. However, it is important to note that these beliefs, assumptions, and expectations can evolve due to a multitude of factors, not all of which are foreseeable or within the Company’s control.
These forward-looking statements are valid only as of the publication date of this press release or the date on which they were originally articulated. KREF does not have an obligation to update these statements unless legally required to do so. For more information regarding the risks and uncertainties that could affect the Company and its forward-looking statements, stakeholders can refer to the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, along with other filings with the Securities and Exchange Commission, which can be found at www.sec.gov.
The Role of AI legalese decoder
In navigating complex legal and financial reports such as these, stakeholders may find that deciphering financial jargon can be daunting. This is where the AI legalese decoder comes into play. This innovative tool aims to streamline the understanding of convoluted legal language, transforming it into clear and easily digestible information. With the assistance of the AI legalese decoder, investors, analysts, and interested parties can efficiently interpret details about dividends, forward-looking statements, and the operational objectives of KREF. By providing a comprehensive and accessible overview of legal documents, the AI legalese decoder empowers users to make informed decisions and fosters a better understanding of the company’s financial landscape.
Conclusion and Contact Information
In conclusion, KKR Real Estate Finance Trust’s announcement regarding its dividend declaration not only signifies its commitment to its investors but also emphasizes its stable financial standing in the real estate finance sector. For additional inquiries or media relations, please reach out to the respective contacts listed below:
Contacts
Investor Relations:
Jack Switala
(212) 763-9048
[email protected]
Media:
Miles Radcliffe-Trenner
(212) 750-8300
[email protected]
For further details about this announcement, please view the source version available at businesswire.com.
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