1 Net Asset Values relate to RMRM’s historical period as a registered investment company under the Investment Company Act of 1940. On January 5, 2021, RMRM deregistered as an investment company and reports its common share book value in its quarterly filings with the Securities and Exchange Commission.
1 In compliance with Section 19 of the Investment Company Act of 1940, a notice will be provided for any distribution paid through January 5, 2021 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.
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.