UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________
FORM 1-U
CURRENT REPORT
Pursuant Regulation A of the Securities Act of 1933
November 2, 2020
(Date of Report (Date of earliest event reported))
GENERATION INCOME PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
| Maryland | 47-4427295 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
401 East Jackson Street, Suite 3300
Tampa, FL 33602
(Full mailing address of principal executive offices)
Telephone: (813)-448-1234
(Issuer’s telephone number, including area code)
Common Shares
(Title of each class of securities issued pursuant to Regulation A)
| Item 9. | Other Events |
Declaration of Dividend
On November 2, 2020, Generation Income Properties, Inc. (OTCQB: GIPR) (“GIP” or the “Company”) announced that its Board of Directors on October 30, 2020 authorized a $0.35 per share quarterly cash distribution for shareholders of record of the Company’s common stock as of November 17, 2020. This distribution is expected to be paid on or about November 24, 2020. David Sobelman, GIP President and CEO and owner of approximately 42.7% of the Company’s common stock outstanding, waived his right to receive a distribution for this period.
Safe Harbor Statement
This Current Report on Form 1-U contains forward-looking statements within the meaning of the federal securities laws. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described Company’s most recent Annual Report on Form 1-K and its other filings with the SEC, which are available at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
| Item 10. | Exhibits |
| Number | Description of Exhibit |
| 15.1 | Press release dated November 2, 2020 - Distribution |
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SIGNATURE
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| GENERATION INCOME PROPERTIES, INC. | ||
| Date: November 2, 2020 | By: | /s/ Richard Russell |
| Richard Russell | ||
| Chief Financial Officer | ||
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