UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
CURRENT REPORT
Pursuant to Regulation A of the Securities Act of 1933
Date of Report (Date of earliest event reported): December 18, 2020
IROQUOIS VALLEY FARMLAND REIT, PBC
(Exact name of issuer as specified in its charter)
| Delaware | 82-0921424 |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
| 708 Church Street, Suite 234, Evanston, IL | 60201 |
| (Full mailing address of principal executive offices) | (ZIP Code) |
(847) 859-6645
(Issuer’s telephone number, including area code)
Title of each class of securities issued pursuant to Regulation A: Common Stock
Declaration of Dividend
On December 18, 2020 the board of directors of Iroquois Valley Farmland REIT, PBC (the “Company”) declared a dividend of $3.67 per share of common stock to shareholders of record as of December 1, 2020 (the “2020 Dividend”). The Company will pay the 2020 Dividend to shareholders no later than December 31, 2020.
Concurrently, the Company will also be paying a previously announced spillover dividend of $0.13 per share to shareholders of record as of November 1, 2020 (the “Spillover Dividend”).
Though paid simultaneously, the 2020 Dividend and Spillover Dividend will be paid as separate checks or deposits, as applicable. Shareholders enrolled in the Company’s Dividend Reinvestment Plan (DRIP) as of the date of dividend payment will receive a number of shares equal to their total dividend payment, divided by the current price of an Iroquois Valley share ($595 per share).
Safe Harbor Statement
This Current Report on Form 1-U contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. 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 under the section titled “Risk Factors” in the Company’s Offering Statement, as amended, on Form 1-A POS dated July 10, 2020, filed with the SEC, as such factors may be updated from time to time in the Company’s subsequent filings with the SEC, which are accessible on the SEC’s website 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 the Company’s filings with the SEC. The Company undertakes no obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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.
| | IROQUOIS VALLEY FARMLAND REIT, PBC
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| | By: | /s/ Mark D. Schindel | |
| | | Mark D. Schindel | | |
| | | Chief Financial Officer | | |
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Date: December 21, 2020
