InPoint Commercial Real Estate Income, Inc. Declares Series A Preferred Stock Dividend
OAK BROOK, Ill., Dec. 1, 2021 – (BUSINESS WIRE) – InPoint Commercial Real Estate Income, Inc. (NYSE: ICR-PA), a Maryland company (the “Company”), announced today that its Board directors have declared a dividend on their cumulatively redeemable Series A Preferred Stock. A quarterly dividend of $ 0.459375 per share will be paid on December 30, 2021 to holders of record on December 15, 2021 for the period September 22, 2021 (the initial billing date) through December 30, 2021 inclusive.
About InPoint Commercial Real Estate Income, Inc.
InPoint Commercial Real Estate Income, Inc. is a commercial mortgage loan real estate mutual fund that seeks to create, acquire, and manage a diversified loan portfolio that is backed by commercial real estate primarily in the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements about the company’s business, including but not limited to statements about the company’s plans, strategies and goals. You can generally identify forward-looking statements by the Company’s use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “anticipate”, “estimate”, “believe”, “continue”. or similar words. These statements involve the company’s plans and goals for future operations, including plans and goals for future growth and the availability of funds, and are based on current expectations that involve numerous risks and uncertainties. Assumptions relating to these statements include judgments, among other things, about future economic, competitive, and market conditions and future business decisions, all of which are difficult or impossible to predict accurately, and many of which are beyond the control of the company. Although the company believes that the assumptions underlying the forward-looking statements and the forward-looking statements themselves are reasonable, all assumptions may be inaccurate and no guarantee can be given that these forward-looking statements will prove to be accurate and the actual results, Company performance and achievements could differ materially from those expressed or implied in these forward-looking statements. Given the significant uncertainties inherent in these forward-looking statements, inclusion of this information should not be taken as a representation by the company or any other person that the company’s goals and plans, as it deems appropriate, will be achieved. Factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, risks and uncertainties regarding blind pool offers, best effort offers, use of proceeds, the offer of the cumulatively redeemable preferred stock of the series A of the company, use of short-term financing, borrower defaults, interest rate changes, effects of the COVID-19 pandemic, in particular on hospitality and retail properties, including our hotel, as well as on related mortgage loans and securities, market conditions and changes in economic conditions in general and real estate markets in particular .
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You should carefully review the “Risk Factors” in the company’s annual report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on March 19, 2021, the company’s quarterly report on Form 10-Q for the quarter ended March 31, 2021 as filed with the SEC on May 14, 2021 and the company’s quarterly report on Form 10-Q for the quarter ended September 30, 2021 as filed with the SEC on November 12, 2021, for a discussion of the risks and uncertainties which the company believes are material to its business, results of operations, prospects and financial condition. Unless otherwise required by federal securities laws, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or for any other reason.
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contacts
Nicole Spreck
Media work in Germany
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