Innovative Industrial Properties Announces Tax Treatment of 2017 Distributions

SAN DIEGO--()--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.

Contacts

Innovative Industrial Properties, Inc.
Catherine Hastings, (858) 997-3332
Chief Financial Officer, Chief Accounting Officer and Treasurer

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