Jernigan Capital, Inc. Announces Taxable Composition of 2016 Distributions
January 19 2017 - 4:05PM
Business Wire
Jernigan Capital, Inc. (the “Company”) (NYSE:JCAP) announced
today the taxable composition of its 2016 distributions paid to
shareholders on its common 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 2016. The classifications for
2016 are as follows:
COMMON STOCK (CUSIP NO. 476405105)
Record Dates
Payable Dates
Cash Distributions Per
Share
Ordinary Taxable
Distribution
Long-Term Capital
Gains
Unrecaptured Sec. 1250
Gain
Return of Capital
1/1/2016 1/15/2016 $0.35 0.00% 0.00%
0.00% 100.00% 4/1/2016 4/15/2016 $0.35 0.00% 0.00%
0.00% 100.00% 7/1/2016 7/15/2016 $0.35 0.00% 0.00% 0.00% 100.00%
10/1/2016 10/14/2016 $0.35 0.00% 0.00%
0.00% 100.00%
The fourth quarter 2016 distribution made to shareholders of
record as of January 3, 2017 is considered a 2017 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. Our mission is to be the preeminent
capital partner for self-storage entrepreneurs nationwide by
offering creative solutions through an experienced team
demonstrating the highest levels of integrity, dedication,
excellence and community, while maximizing shareholder value. The
Jernigan Capital team has extensive experience in over 100 U.S.
markets—from acquiring and managing self-storage properties to new
self-storage development—providing JCAP with knowledge unmatched by
any lender, broker or advisor to the sector. Jernigan Capital is
the only source of construction and development capital focused
solely on the self-storage sector.
Forward-Looking Statements
Certain matters in this press release may constitute
forward-looking statements within the meaning of Section 27-A of
the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. Such statements include those made about the
expectation that the Company will have no material change in
taxable composition of its 2016 distributions. The expectation is
based on preliminary work the Company has performed on its year end
filings and on information currently available. Unknown risks,
uncertainties and other factors may cause actual results,
performance or achievements of the company to differ materially
from those on which these calculations were based. For a discussion
of these and other risks facing our business, see the information
under the heading “Risk Factors” in our Annual Report on Form 10-K
filed with the Securities and Exchange Commission (“SEC”) and our
other filings with the SEC from time to time, which are accessible
on the SEC’s website at www.sec.gov.
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Jernigan Capital, Inc.John A. Good, 901-567-9517
Jernigan Capital (NYSE:JCAP)
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