JAVELIN Mortgage Investment Corp. Announces February 2016 Dividend Rate Per Common Share
OREANDA-NEWS. JAVELIN Mortgage Investment Corp. (NYSE:JMI) (“JAVELIN” or the “Company”) today announced the February 2016 cash dividend rate for the Company’s Common Stock.
February 2016 Common Stock Dividend Information
Month | Dividend | Holder of Record Date | Payment Date | |||||
February 2016 | $ | 0.09 | February 15, 2016 | February 26, 2016 |
Certain Tax Matters
JAVELIN has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, JAVELIN is required to timely distribute substantially all of its ordinary REIT taxable income. Accordingly, JAVELIN may increase the amount of one or more announced dividends before the applicable record date or may declare supplemental dividends, if necessary, to meet this tax requirement. Dividends paid in excess of REIT taxable income for a fiscal year (including any taxable income carried forward from the previous year) will generally not be taxable to stockholders.
About JAVELIN Mortgage Investment Corp.
JAVELIN is a Maryland corporation that invests primarily in fixed rate, adjustable rate and hybrid adjustable rate Agency residential mortgage-backed securities (“RMBS”) and non-Agency RMBS. JAVELIN is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
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