InPoint Commercial Real Estate Income, Inc., a Maryland-based real estate investment trust (REIT), declared distributions for its common stock classes and a dividend for its preferred stockholders today. The announcement follows a Board of Directors authorization and is detailed in a recent 8-K filing with the Securities and Exchange Commission.
Stockholders of InPoint's Class A, Class D, Class I, Class P, and Class T common stock on record as of November 30, 2024, will receive a gross distribution of $0.1042 per share. However, Class D and Class T stockholders will incur a stockholder servicing fee of $0.0034 and $0.0116 per share, respectively, resulting in net distributions of $0.1008 for Class D and $0.0926 for Class T. Class A, Class I, and Class P stockholders are not subject to any servicing fees, thus retaining the full gross distribution amount. These cash distributions are scheduled to be paid on or about December 18, 2024.
Additionally, the Board has declared a quarterly dividend for the holders of its 6.75% Series A Cumulative Redeemable Preferred Stock (NYSE: ICR PR A). The dividend, amounting to $0.421875 per share, will be distributed on December 30, 2024, to those on record as of December 15, 2024.
InPoint Commercial Real Estate Income, Inc. operates within the real estate sector, specifically under the REITs industry classification. The company's focus lies in leveraging the knowledge and experience of its management team to make strategic investments in commercial real estate debt.
The 8-K filing also includes cautionary statements regarding forward-looking information, which are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
Investors should note that the information provided is based on the company's latest SEC filing and that the forward-looking statements reflect management's expectations only as of today. These statements are not guarantees of future performance, and the company does not undertake any obligation to update or revise them except as required by law.
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