Press Release: Granite Point Mortgage Trust Inc. Announces 2025 Dividend Tax Information

NEW YORK--(BUSINESS WIRE)--January 26, 2026--

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced the tax treatment of common and preferred stock dividends declared in 2025. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2025 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Tax Treatment of the Distributions

The Federal income tax classification of Granite Point's 2025 common and preferred stock distributions as it is expected to be reported on Form 1099-DIV is set forth in the following tables.

Granite Point is required to report the portion of its 2025 dividends that are treated as excess inclusion income for federal income tax purposes, which may be treated as unrelated business taxable income (UBTI) and subject to special tax reporting for certain tax-exempt investors. No portion of Granite Point's 2025 dividend distributions consists of excess inclusion income.

 
                                                                                      Box 1a 
                 2025 FORM 1099 -- Common Stock (CUSIP #38741L107)                     Total    Box 1b Total  Box 2a Total    Box 3 Total   Box 5 Total 
-----------------------------------------------------------------------------------  ---------  ------------  -------------  -------------  ------------ 
                                                        2025 Total                     2025         2025      2025 Capital       2025       2025 Section 
Distribution   Declaration                  Payable    Distribution                  Ordinary    Qualified        Gain        Nondividend       199A 
    Type           Date      Record Date     Date       Per Share     Adjustments    Dividends  Dividends(3)  Distributions  Distributions  Dividends(4) 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         12/19/2024   12/31/2024    1/15/2025    $0.000000     $0.050000(1)   $0.000000   $0.000000      $0.000000      $0.050000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         3/13/2025     4/1/2025     4/15/2025    $0.050000      $0.000000     $0.000000   $0.000000      $0.000000      $0.050000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         6/17/2025     7/1/2025     7/15/2025    $0.050000      $0.000000     $0.000000   $0.000000      $0.000000      $0.050000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         9/17/2025     10/1/2025   10/15/2025    $0.050000      $0.000000     $0.000000   $0.000000      $0.000000      $0.050000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         12/17/2025   12/30/2025    1/15/2026    $0.0500000   $(0.050000)(2)  $0.000000   $0.000000      $0.000000      $0.000000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
                         Totals                         $0.200000      $0.000000     $0.000000   $0.000000      $0.000000      $0.200000     $0.000000 
-----------------------------------------------------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
(1) Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986, as amended (the "IRC"), cash distributions made on January 15, 2025, with a 
record date of December 31, 2024, are treated as received by stockholders on December 31, 2024, to the extent of 2024 earnings and profits. As Granite 
Point's aggregate 2024 cash distributions exceeded its 2024 earnings and profits, the January 2025 cash distribution declared in the fourth quarter of 
2024 is treated as a 2025 distribution for federal income tax purposes and was not included on the 2024 Form 1099. If you were a stockholder of record 
as of December 31, 2024, the $0.050000 dividend payable on January 15, 2025, is reported on your 2025 Form 1099. 
(2) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2026, with a record date of December 30, 2025, are treated as 
received by stockholders on December 31, 2025, to the extent of 2025 earnings and profits. As Granite Point's aggregate 2025 cash distributions exceeded 
its 2025 earnings and profits, the January 2026 cash distribution declared in the fourth quarter of 2025 is treated as a 2026 distribution for federal 
income tax purposes and is not included on the 2025 Form 1099. If you were a stockholder of record as of December 30, 2025, the $0.050000 dividend 
payable on January 15, 2026, will be reported on your 2026 Form 1099. 
(3) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates. 
(4) Section 199A Dividends shows the portion of the amount in Box 1a that may be eligible for the 20% qualified business income deduction under Section 
199. 
 
 
                                                                                      Box 1a 
              2025 FORM 1099 -- Preferred Series A (CUSIP #38741l305)                  Total    Box 1b Total  Box 2a Total    Box 3 Total   Box 5 Total 
-----------------------------------------------------------------------------------  ---------  ------------  -------------  -------------  ------------ 
                                                        2025 Total                     2025         2025      2025 Capital       2025       2025 Section 
Distribution   Declaration                  Payable    Distribution                  Ordinary    Qualified        Gain        Nondividend       199A 
    Type           Date      Record Date     Date       Per Share     Adjustments    Dividends  Dividends(3)  Distributions  Distributions  Dividends(4) 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         12/19/2024   12/31/2024    1/15/2025    $0.000000     $0.437500(1)   $0.000000   $0.000000      $0.000000      $0.437500     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         3/13/2025     4/1/2025     4/15/2025    $0.437500      $0.000000     $0.000000   $0.000000      $0.000000      $0.437500     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         6/17/2025     7/1/2025     7/15/2025    $0.437500      $0.000000     $0.000000   $0.000000      $0.000000      $0.437500     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         9/17/2025     10/1/2025   10/15/2025    $0.437500      $0.000000     $0.000000   $0.000000      $0.000000      $0.437500     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Cash         12/17/2025   12/30/2025    1/15/2026    $0.437500    $(0.437500)(2)  $0.000000   $0.000000      $0.000000      $0.000000     $0.000000 
-------------  ------------  -----------  -----------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
   Totals                                               $1.750000      $0.000000     $0.000000   $0.000000      $0.000000      $1.750000     $0.000000 
-----------------------------------------------------  ------------  --------------  ---------  ------------  -------------  -------------  ------------ 
(1) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2025, with a record date of December 31, 2024, are treated as 
received by stockholders on December 31, 2024, to the extent of 2024 earnings and profits. As Granite Point's aggregate 2024 cash distributions exceeded 
its 2024 earnings and profits, the January 2025 cash distribution declared in the fourth quarter of 2024 is treated as a 2025 distribution for federal 
income tax purposes and was not included on the 2024 Form 1099. If you were a stockholder of record as of December 31, 2024, the $0.437500 dividend 
payable on January 15, 2025, is reported on your 2025 Form 1099 
(2) Pursuant to Section 857(b)(9) of the IRC, cash distributions made on January 15, 2026, with a record date of December 30, 2025, are treated as 
received by stockholders on December 31, 2025, to the extent of 2025 earnings and profits. As Granite Point's aggregate 2025 cash distributions exceeded 
its 2025 earnings and profits, the January 2026 cash distribution declared in the fourth quarter of 2025 is treated as a 2026 distribution for federal 
income tax purposes and is not included on the 2025 Form 1099. If you were a stockholder of record as of December 30, 2025, the $0.437500 dividend 
payable on January 15, 2026, will be reported on your 2026 Form 1099.

(3) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates. 
 
(4) Section 199A Dividends shows the portion of the amount in Box 1a that may be eligible for the 20% qualified business income deduction under Section 
199.

Pursuant to the IRC of 1986, dividends declared by a real estate investment trust $(REIT)$ during the last three months of a calendar year that are payable to stockholders of record on a specified date in such three-month period, but which are actually paid during January of the following calendar year, are considered paid on December 31st of the calendar year in which the dividends were declared, to the extent of the REIT's distributable earnings and profits.

Consult Your Tax Advisor

Stockholders may have additional reporting obligations to the Internal Revenue Service and/or other tax authorities.

The U.S. federal income tax treatment of holding Granite Point common and preferred stock to any particular stockholder will depend on the stockholder's particular tax circumstances. You are urged to consult your tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to you, in light of your particular investment or tax circumstances, of acquiring, holding and disposing of Granite Point common and preferred stock.

Granite Point does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Please consult your advisor as to any tax, accounting or legal statements made herein.

About $Granite Point Mortgage Trust Inc.(GPMT-A)$

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY. Additional information is available at www.gpmtreit.com.

Additional Information

Stockholders of Granite Point and other interested persons may find additional information regarding the Company at the Securities and Exchange Commission's Internet site at www.sec.gov or by directing requests to: Granite Point Mortgage Trust Inc., 1114 Avenue of the Americas, Suite 3020, New York, NY 10036, telephone (212) 364-5500.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260126378553/en/

 
    CONTACT:

Investors: Chris Petta, Investor Relations, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com

(END) Dow Jones Newswires

January 26, 2026 16:15 ET (21:15 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Press Release: Granite Point Mortgage Trust Inc. Announces 2025 Dividend Tax Information

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