CHICAGO, Jan. 25, 2018 /PRNewswire/ -- JLL Income
Property Trust, an institutionally managed, daily valued perpetual
life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced
the income tax treatment of its 2017 dividends. For the tax year
ended December 31, 2017, 100 percent
of the distributions paid in 2017 will qualify as a non-dividend
distribution or return of capital.
"We are pleased to once again report having paid out highly
tax-efficient distributions to our stockholders," commented
Allan Swaringen, President & CEO
of JLL Income Property Trust. "While our primary investment
objectives remain durability of income distributions and
preservation of capital, for our taxable investors, we also strive
to provide them with a longer-term source of tax-advantaged
income."
The table below summarizes the income tax treatment of
distributions paid to stockholders during the year ended
December 31, 2017:
|
Class
A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Record
Date
|
|
Payment
Date
|
|
Net
Distribution
per share
(1)
|
|
Ordinary
Income
|
|
Capital Gain
Income
|
|
Return of
Capital
|
|
12/29/2016
|
|
2/1/2017
|
|
$0.09799
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.09799
|
100.00%
|
|
3/30/2017
|
|
5/1/2017
|
|
0.09699
|
|
—
|
—
|
|
—
|
—
|
|
0.09699
|
100
|
|
6/29/2017
|
|
8/1/2017
|
|
0.09660
|
|
—
|
—
|
|
—
|
—
|
|
0.09660
|
100
|
|
9/28/2017
|
|
11/1/2017
|
|
0.09623
|
|
—
|
—
|
|
—
|
—
|
|
0.09623
|
100
|
|
Total
|
|
|
|
$0.38781
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.38781
|
100.00%
|
|
|
(1)
Distributions per share are net of dealer manager fees of 1.05% of
net asset value.
|
|
Class
M
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Record
Date
|
|
Payment
Date
|
|
Net
Distribution
per share (2)
|
|
Ordinary
Income
|
|
Capital Gain
Income
|
|
Return of
Capital
|
|
12/29/2016
|
|
2/1/2017
|
|
$0.11694
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.11694
|
100.00%
|
|
3/30/2017
|
|
5/1/2017
|
|
0.11684
|
|
—
|
—
|
|
—
|
—
|
|
0.11684
|
100
|
|
6/29/2017
|
|
8/1/2017
|
|
0.11677
|
|
—
|
—
|
|
—
|
—
|
|
0.11677
|
100
|
|
9/28/2017
|
|
11/1/2017
|
|
0.11663
|
|
—
|
—
|
|
—
|
—
|
|
0.11663
|
100
|
|
Total
|
|
|
|
$0.46718
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.46718
|
100.00%
|
|
|
(2)
Distributions per share are net of dealer manager fees of 0.30% of
net asset value.
|
|
Class
A-I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Record
Date
|
|
Payment
Date
|
|
Net
Distribution
per share (3)
|
|
Ordinary
Income
|
|
Capital Gain
Income
|
|
Return of
Capital
|
|
12/29/2016
|
|
2/1/2017
|
|
$0.11753
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.11753
|
100.00%
|
|
3/30/2017
|
|
5/1/2017
|
|
0.11686
|
|
—
|
—
|
|
—
|
—
|
|
0.11686
|
100
|
|
6/29/2017
|
|
8/1/2017
|
|
0.11607
|
|
—
|
—
|
|
—
|
—
|
|
0.11607
|
100
|
|
9/28/2017
|
|
11/1/2017
|
|
0.11649
|
|
—
|
—
|
|
—
|
—
|
|
0.11649
|
100
|
|
Total
|
|
|
|
$0.46695
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.46695
|
100.00%
|
|
|
(3)
Distributions per share are net of dealer manager fees of 0.30% of
net asset value.
|
|
Class
M-I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Record
Date
|
|
Payment
Date
|
|
Net
Distribution
per share (4)
|
|
Ordinary
Income
|
|
Capital Gain
Income
|
|
Return of
Capital
|
|
12/29/2016
|
|
2/1/2017
|
|
$0.12372
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.12372
|
100.00%
|
|
3/30/2017
|
|
5/1/2017
|
|
0.12366
|
|
—
|
—
|
|
—
|
—
|
|
0.12366
|
100
|
|
6/29/2017
|
|
8/1/2017
|
|
0.12365
|
|
—
|
—
|
|
—
|
—
|
|
0.12365
|
100
|
|
9/28/2017
|
|
11/1/2017
|
|
0.12361
|
|
—
|
—
|
|
—
|
—
|
|
0.12361
|
100
|
|
Total
|
|
|
|
$0.49464
|
|
$—
|
—%
|
|
$—
|
—%
|
|
$0.49464
|
100.00%
|
|
|
(4)
Distributions per share are net of dealer manager fees of 0.05% of
net asset value.
|
The dollar amount reported on each investor's respective
1099-DIV will depend on the total amount of distributions received
throughout the year which can be affected by the share class held
and the length of time the shares were owned. The distribution
declared on November 17, 2017,
payable on or around February 1,
2018, will be a 2018 tax event and is not reflected in the
2017 tax allocation.
This release is based on the preliminary results of work on the
Company's tax filings and may be subject to adjustment. The income
tax allocation for the distributions discussed above has been
calculated using the best available information as of the date of
the release. The Company is releasing information at this time to
aid those required to distribute Forms 1099 on the Company's
distributions. Tax treatment of distributions is dependent on a
number of factors and there is no guarantee that future
distributions will qualify as a non-dividend distribution or return
of capital.
JLL Income Property Trust is an institutionally managed, daily
NAV REIT that gives investors access to a growing portfolio of
commercial real estate investments selected by an institutional
investment management team and sponsored by one of the world's
leading real estate services firms.
For more information on JLL Income Property Trust, please visit
our website at www.jllipt.com.
About JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX;
ZIPIAX; ZIPIMX),
Jones Lang LaSalle Income Property Trust, Inc. is a daily valued
perpetual life real estate investment trust (REIT) that owns and
manages a diversified portfolio of high quality, income-producing
office, retail, industrial and apartment properties located
primarily in the United States.
JLL Income Property Trust expects to further diversify its real
estate portfolio over time, including on a global basis. For more
information, visit www.jllipt.com.
About LaSalle Investment Management
LaSalle Investment
Management, Inc., a member of the JLL group and advisor to JLL
Income Property Trust, is one of the world's leading global real
estate investment managers with nearly 700 employees in 17
countries worldwide and approximately $58
billion of assets under management of private and public
property equity and debt investments. LaSalle's diverse client base includes public
and private pension funds, insurance companies, governments,
endowments and private individuals from across the globe. For more
information, visit www.lasalle.com.
Forward Looking Statements and Future
Results
This press release may contain
forward-looking statements with respect to JLL Income Property
Trust. Forward-looking statements are statements that are not
descriptions of historical facts and include statements regarding
management's intentions, beliefs, expectations, research, market
analysis, plans or predictions of the future. Because such
statements include risks, uncertainties and contingencies, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Past performance is not indicative
of future results.
|
Contact:
Matt Schuler
|
|
Telephone: +1 312 897 4192
|
Email:
matt.schuler@lasalle.com
|
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SOURCE JLL Income Property Trust