Jernigan Capital Announces Dividends for Third Quarter 2018
August 02 2018 - 8:30AM
Business Wire
Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced
today that its Board of Directors declared a cash dividend of $0.35
per share of common stock for the quarter ending September 30,
2018. The dividend is payable on October 15, 2018 to stockholders
of record on October 1, 2018. The quarterly distribution represents
an annualized dividend rate of $1.40 per share, which is the annual
dividend rate that the Company has maintained since its IPO in
2015.
The Company’s Board of Directors also declared a cash dividend
on the Series B Preferred Stock in the amount of $0.4375 per share
for the quarter ending September 30, 2018. The dividends are
payable on October 15, 2018 to holders of Series B Preferred Stock
of record on October 1, 2018. The quarterly distribution represents
an annualized dividend rate of $1.75 per share.
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
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
our most recent 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.Investor Relations | 901.567.9580John A.
Good | 901.567.9517investorrelations@jernigancapital.com
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