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Granite Point Mortgage Trust Inc. Announces 2021 Dividend Tax Information

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 2021. 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 2021 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 2021 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 2021 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 2021 dividend distributions consists of excess inclusion income.

2021 FORM 1099 – Common Stock

Box 1a Total

Box 1b Total

Box 2a Total

Box 3 Total

Box 5 Total

Distribution Type

Declaration Date

Record Date

Payable Date

2021 Total Distribution Per Share

2021 Ordinary Dividends

2021 Qualified Dividends(1)

2021 Capital Gain Distributions

2021 Nondividend Distributions

Section 199A Dividends(2)

Cash

3/18/2021

4/1/2021

4/19/2021

$0.250000

$0.250000

$0.001429

$0.000000

$0.000000

$0.248571

Cash

6/15/2021

7/1/2021

7/19/2021

$0.250000

$0.250000

$0.001429

$0.000000

$0.000000

$0.248571

Cash

9/15/2021

10/1/2021

10/19/2021

$0.250000

$0.250000

$0.001429

$0.000000

$0.000000

$0.248571

Cash

12/16/2021

12/31/2021

1/18/2022

$0.250000

$0.250000

$0.001429

$0.000000

$0.000000

$0.248571

Totals

$1.000000

$1.000000

$0.005716

$0.000000

$0.000000

$0.994284

(1) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates.

(2) 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.

2021 FORM 1099 – Preferred Series A

Box 1a Total

Box 1b Total

Box 2a Total

Box 3 Total

Box 5 Total

Distribution Type

Declaration Date

Record Date

Payable Date

2021 Total Distribution Per Share

2021 Ordinary Dividends

2021 Qualified Dividends(1)

2021 Capital Gain Distributions

2021 Nondividend Distributions

Section 199A Dividends(2)

Cash

12/16/2021

12/31/2021

1/18/2022

$0.150690

$0.150690

$0.000863

$0.000000

$0.000000

$0.150097

Totals

$0.150690

$0.150690

$0.000863

$0.000000

$0.000000

$0.150097

(1) Qualified Dividends shows the portion of the amount in Box 1a that may be eligible for capital gains tax rates.

(2) 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 Internal Revenue Code of 1986, as amended, 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.

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., 3 Bryant Park, 24th floor, New York, NY 10036, telephone (212) 364-5500.

Contacts

Investors: Marcin Urbaszek, Chief Financial Officer, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com

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