Clipper Realty Inc. Announces Tax Information For 2017 Distributions

NEW YORK--()--Clipper Realty Inc. (NYSE: CLPR), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of its 2017 dividends to holders of its common stock.

                             
Record Date       Payable Date      

Total Dividend
Per Share

     

Ordinary
Dividend

     

Qualified
Dividend

     

Nontaxable
Dividend

4/10/2017 4/17/2017 $0.0850 $0.0425 $0.0000 $0.0425
 
5/25/2017 6/2/2017 $0.0950 $0.0475 $0.0000 $0.0475
 
8/7/2017 8/14/2017 $0.0950 $0.0475 $0.0000 $0.0475
 
11/6/2017 11/13/2017 $0.0950 $0.0475 $0.0000 $0.0475
 

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2017 dividends.

About Clipper Realty

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. For more information on Clipper Realty Inc., please visit www.clipperrealty.com.

Contacts

Investors:
Clipper Realty Inc.
Lawrence Kreider, CFO
718-438-2804 x2231
M: 917-370-2046
F: 718-438-3848
www.ClipperRealty.com

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