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InPoint Commercial Real Estate Income, Inc. (NYSE: ICR PR A), a real estate investment trust (REIT), declared a quarterly dividend on its 6.75% Series A Cumulative Redeemable Preferred Stock. The announcement, based on a recent SEC filing, states that a dividend of $0.421 per share is set to be paid on September 30, 2024, to stockholders of record as of September 15, 2024.
The decision was made by the Board of Directors on August 29, 2024, and aligns with the company's commitment to providing returns to its shareholders. The dividend will be distributed to all eligible shareholders who have invested in the preferred stock of the company.
InPoint Commercial Real Estate Income, Inc., headquartered in Oak Brook, Illinois, operates within the real estate sector, focusing on income-generating commercial properties. The company is structured as a REIT, which allows it to distribute the majority of its taxable income to shareholders in the form of dividends.
The filing also included a cautionary note regarding forward-looking statements that involve risks and uncertainties. These statements are based on management’s current expectations and are subject to change. The company highlighted that actual results could differ materially due to various factors such as market conditions and interest rates.
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