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Jernigan Capital, Inc. Announces Taxable Composition of 2019 DistributionsJernigan Capital, Inc. (the "Company") (NYSE: JCAP) announced today the taxable composition of its 2019 distributions paid to shareholders on its common stock and Series B preferred stock. The amount of distribution referred to as return of capital is considered by US tax law to be a return of invested capital and is not currently taxable to the extent of shareholder basis. Shareholders are advised to consult with their tax advisors with respect to the individual consequences of the distributions. The composition presented is applicable to all dividend distributions during 2019. The classifications for 2019 are as follows:
This release is based on the preliminary work the Company has performed on its filings and is subject to correction or adjustment based on the completion of those filings. The Company is releasing information at this time to aid those required to distribute 1099s on the Company's dividends. No material change in the taxable composition is expected. The fourth quarter 2019 distribution made to shareholders of record as of January 2, 2020 is considered a 2020 distribution for federal income tax purposes. About Jernigan Capital, Inc. Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities with a view to eventual outright ownership of facilities it financed. Its mission is to maximize shareholder value by accumulating a multi-billion-dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The ultimate occurrence of events and results referenced in these forward-looking statements is subject to known and unknown risks and uncertainties, many of which are beyond our control. These forward-looking statements are based upon the Company's present intentions and expectations, but the events and results referenced in these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For a discussion of these and other risks facing our business, see the information under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, and those set forth in the Company's other reports and information filed with the Securities and Exchange Commission ("SEC (News - Alert)"), which are accessible on the SEC's website at www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20200122005137/en/ |
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