Stock Information

¹ In compliance with Section 19 of the Investment Company Act of 1940, a notice will be provided for any distribution that does not consist solely of net investment income. Such a notice will be for informational purposes only, and will disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. RMR Mortgage Trust (“RMRM”) has substantial investments in real estate investment trusts, or REITs, which generally will characterize distributions to their shareholders, including RMRM, subsequent to the end of a calendar year as ordinary income, net capital gain or return of capital. However, it is not possible for RMRM to characterize distributions received from REITs during interim periods because the REIT issuers do not report the tax characterization of their distributions until subsequent to year end. Therefore, some portion of RMRM’s prior year distributions to common shareholders have been recharacterized as net capital gain and/or return of capital, and is likely that some portion of RMRM’s current year distributions to common shareholders will be recharacterized as net capital gain and/or return of capital subsequent to year end. For current year distributions, the “return of capital” column represents only that amount of a distribution estimated to be in excess of RMRM’s cash distribution received from its investments less its operating expenses, interest expenses and distributions to preferred shareholders. Shareholders should not use the information provided on this website or any notice delivered in compliance with Section 19 of the Investment Company Act of 1940 in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year including how to report distributions from RMRM for U.S. Federal income tax purposes.

RMRM adopted a managed distribution policy that allows it to include long term capital gains, where applicable, as part of its regular fixed quarterly distribution to shareholders (the “Managed Distribution Plan”), for distributions occurring after February 22, 2019. RMRM’s current distribution rate is subject to change at the discretion of our Board. If the amount of its quarterly distributions exceeds the amount of its investment income and realized gains, the excess would be a return of capital to shareholders from its assets. You should not draw any conclusions about RMRM’s investment performance from the amount of its distributions or from the Managed Distribution Plan. RMRM’s board may amend, suspend or terminate the Managed Distribution Plan at any time. RMRM is not required to continue to pay dividends on its common shares and there is no guarantee that RMRM’s board will declare dividends in the future or that, if declared, they will remain at current levels or increase over time. During the transition period of the Business Change Plan before RMRM’s portfolio has been fully converted to its new investment strategy and RMRM is deregistered as an investment company, RMRM intends to try to maintain a quarterly managed distribution rate as high as is reasonably practicable. However, there can be no assurance that it will not reduce its quarterly distributions during the investment strategy transition period, and RMRM’s board likely will need to temporarily reduce the managed distribution rate because RMRM expects its cash flow from earnings and the status and availability of capital gains it realizes from its portfolio to decline during the transition. This decline could result from the rotation out of existing investments, the need to establish income streams from mortgage originations, the potential for holding assets in temporary investments with lower yields such as agency whole pool certificates, the availability or unavailability of realized capital gains to distribute and the current difficult economic and market conditions, among other potential variables. RMRM anticipates distributing any capital gains recognized on the sale of assets during this transition period, either as part of its quarterly distributions made pursuant to the Managed Distribution Plan, or at the end of the year in accordance with the requirements of subchapter M of the Internal Revenue Code of 1986, as amended.

² This amount of the distribution is characterized as a return of capital only as a result of the characterization of distributions received by RMRM from REITs in which RMRM invests or invested.