SAN DIEGO--(BUSINESS WIRE)--
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 |
|
|
Record
Date |
|
| Payable
Date |
|
| Total
Distribution
Per Share |
|
| Allocable
to 2017 |
|
| Taxable
Ordinary
Dividend |
|
| Return of
Capital |
|
| Long-Term
Capital Gain |
|
| Unrecaptured
Section 1250
Gain |
|
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)
997-3332
Chief Financial Officer, Chief Accounting Officer and
Treasurer
Source: Innovative Industrial Properties, Inc.