Exhibit 99.1
| Contacts: | ||
| Tripp Sullivan | ||
| SCR Partners | ||
| (615) 760-1104 | ||
| TSullivan@scr-ir.com |
Plymouth Industrial REIT Announces Tax Treatment of 2018 Dividends
BOSTON—(January 14, 2019) Plymouth Industrial REIT, Inc. (NYSE American: PLYM) today announced the tax treatment of its 2018 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT’s dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE American under ticker symbol “PLYM” for the tax year ended December 31, 2018:
Record Date |
Payment Date | 2018 Total | Total | 2018 Dividend | 2018 Capital Per Share | |||||||||||||
| March 29, 2018 | April 30, 2018 | $ | 0.375 | $ | 0.375 | $ | 0.000 | $ | 0.375 | |||||||||
| June 29, 2018 | July 31, 2018 | $ | 0.375 | $ | 0.375 | $ | 0.000 | $ | 0.375 | |||||||||
| September 28, 2018 | October 31, 2018 | $ | 0.375 | $ | 0.375 | $ | 0.000 | $ | 0.375 | |||||||||
| December 31, 2018 | January 31, 2019 | $ | 0.375 | $ | 0.375 | $ | 0.000 | $ | 0.375 | |||||||||
| $ | 1.500 | $ | 1.500 | $ | 0.000 | $ | 1.500 | |||||||||||
The income tax treatment for the 2018 distributions for Plymouth Industrial REIT’s 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) CUSIP #729640201 is as follows:
Record Date |
Payment Date | 2018 Total | Total | 2018 Dividend | 2018 Capital Per Share | |||||||||||||
| March 15, 2018 | April 2, 2018 | $ | 0.46875 | $ | 0.46875 | $ | 0.0000 | $ | 0.46875 | |||||||||
| June 15, 2018 | July 2, 2018 | $ | 0.46875 | $ | 0.46875 | $ | 0.0000 | $ | 0.46875 | |||||||||
| September 14, 2018 | October 1, 2018 | $ | 0.46875 | $ | 0.46875 | $ | 0.0000 | $ | 0.46875 | |||||||||
| December 14, 2018 | December 31, 2018 | $ | 0.46875 | $ | 0.46875 | $ | 0.0000 | $ | 0.46875 | |||||||||
| $ | 1.8750 | $ | 1.8750 | $ | 0.0000 | $ | 1.8750 | |||||||||||
In accordance with IRS Code Section 6045B, Plymouth Industrial REIT has posted Form 8937, Report of Organizational Actions Affecting Basis of Securities, which may be found on the Company’s website at www.plymouthreit.com. Plymouth encourages stockholders to consult with their own tax advisors with respect to the federal, state and local, and foreign income tax effects of these dividends.
About Plymouth
Plymouth is a full service real estate investment company structured as a vertically integrated, self-administered and self-managed real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the United States. The company seeks to acquire properties that provide current operating income with the opportunity to enhance shareholder value through property re-positioning, capital improvements and restructuring tenant leases.
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