IIPR Innovative Industrial Properties Inc

Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) today announced the tax treatment of its 2017 distributions as follows:

 

Security Description: Common Stock

CUSIP: 45781V101

Ticker Symbol: IIPR

 

RecordDate

   

PayableDate

   

TotalDistributionPer Share

   

Allocableto 2017

   

TaxableOrdinaryDividend

   

Return ofCapital

   

Long-TermCapital Gain

   

UnrecapturedSection 1250Gain

06/30/2017     07/14/2017     $ 0.150000     $ 0.150000     $ 0.053030     $ 0.096970     $ 0.000000     $ 0.000000 09/29/2017     10/13/2017     $ 0.150000     $ 0.150000     $ 0.053030     $ 0.096970     $ 0.000000     $ 0.000000       Totals     $ 0.300000     $ 0.300000     $ 0.106060     $ 0.193940     $ 0.000000     $ 0.000000

The distributions paid on January 16, 2018 to stockholders of record on December 29, 2017, as previously declared on December 15, 2017, are considered 2018 distributions for federal income tax purposes.

The company did not incur any foreign taxes in 2017. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. intends to elect to be taxed as a real estate investment trust. Additional information is available at www.innovativeindustrialproperties.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180125006422/en/

Innovative Industrial Properties, Inc.Catherine Hastings, (858) 997-3332Chief Financial Officer, Chief Accounting Officer and Treasurer