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InPoint Commercial Real Estate Income, Inc., a Maryland-incorporated real estate investment trust (REIT), has announced a forthcoming distribution for shareholders of its common stock. The Board of Directors confirmed that stockholders of record as of August 31, 2024, will receive a distribution for each class of common stock, with payment scheduled for around September 18, 2024.
The gross distribution amount has been set at $0.1042 per share across all classes of common stock. However, the net distribution—gross distribution less any applicable stockholder servicing fees—varies by class. Class A and Class I stockholders will receive the full gross distribution amount, as no servicing fees apply to these classes.
Class D stockholders will receive a net distribution of $0.1007 per share after a servicing fee of $0.0035 is deducted. Class T stockholders will receive a net amount of $0.0922 per share, reflecting a $0.0120 servicing fee deduction.
This financial event is part of the company's regular distributions to its investors, which are paid in cash. The company has not disclosed any changes to the distribution amount from previous periods or the reasons behind the specific distribution amounts for each class.
InPoint Commercial Real Estate Income, Inc. specializes in commercial real estate opportunities and is listed on the New York Stock Exchange under the ticker ICR PR A for its 6.75% Series A Cumulative Redeemable Preferred Stock. As a publicly traded entity, InPoint operates under the regulations and reporting requirements of the Securities Exchange Act of 1934.
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