MONMOUTH REAL ESTATE INVESTMENT CORPORATION
JUNIPER BUSINESS PLAZA
3499 ROUTE 9 NORTH, SUITE 3-D
FREEHOLD, NEW JERSEY 07728
A Public REIT Since 1968
| INTERNET: | | (732) 577-9996 | | EMAIL: |
| www.mreic.reit | | FAX: (732) 577-9981 | | mreic@mreic.com |
| FOR IMMEDIATE RELEASE | January 26, 2017 |
| | |
| | Contact: Susan Jordan |
| | 732-577-9996 |
MONMOUTH REAL ESTATE ANNOUNCES TAX TREATMENT
FOR 2016 DISTRIBUTIONS
FREEHOLD, NJ, JANUARY 26, 2017……Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2016 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth’s common and preferred shares during the calendar year ended December 31, 2016.
Common - CUSIP 609720107
| Shown as Dollars ($) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.160000 | | | $ | 0.085183 | | | $ | 0.008424 | | | $ | 0.000000 | | | $ | 0.066393 | |
| 6/15/16 | | $ | 0.160000 | | | $ | 0.088488 | | | $ | 0.002543 | | | $ | 0.000000 | | | $ | 0.068969 | |
| 9/15/16 | | $ | 0.160000 | | | $ | 0.073326 | | | $ | 0.029522 | | | $ | 0.000000 | | | $ | 0.057152 | |
| 12/15/16 | | $ | 0.160000 | | | $ | 0.085886 | | | $ | 0.007173 | | | $ | 0.000000 | | | $ | 0.066941 | |
| TOTAL | | $ | 0.640000 | | | $ | 0.332883 | | | $ | 0.047662 | | | $ | 0.000000 | | | $ | 0.259455 | |
| Shown as a Percentage (%) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.160000 | | | | 53.239375 | % | | | 5.265000 | % | | | 0 | % | | | 41.495625 | % |
| 6/15/16 | | $ | 0.160000 | | | | 55.305000 | % | | | 1.589375 | % | | | 0 | % | | | 43.105625 | % |
| 9/15/16 | | $ | 0.160000 | | | | 45.828750 | % | | | 18.451250 | % | | | 0 | % | | | 35.720000 | % |
| 12/15/16 | | $ | 0.160000 | | | | 53.678750 | % | | | 4.483125 | % | | | 0 | % | | | 41.838125 | % |
| TOTAL | | $ | 0.640000 | | | | 52.012969 | % | | | 7.447187 | % | | | 0 | % | | | 40.539844 | % |
7.625% Series A Cumulative Redeemable Preferred - CUSIP 609720206
| Shown as Dollars ($) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.476563 | | | $ | 0.429947 | | | $ | 0.046616 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 6/15/16 | | $ | 0.476563 | | | $ | 0.462134 | | | $ | 0.014429 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 9/15/16 | | $ | 0.476563 | | | $ | 0.304773 | | | $ | 0.171790 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 12/15/16 | | $ | 0.232990 | | | $ | 0.219848 | | | $ | 0.013142 | | | $ | 0.000000 | | | $ | 0.000000 | |
| TOTAL | | $ | 1.662679 | | | $ | 1.416702 | | | $ | 0.245977 | | | $ | 0.000000 | | | $ | 0.000000 | |
| Shown as a Percentage (%) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.476563 | | | | 90.218292 | % | | | 9.781708 | % | | | 0 | % | | | 0 | % |
| 6/15/16 | | $ | 0.476563 | | | | 96.972279 | % | | | 3.027721 | % | | | 0 | % | | | 0 | % |
| 9/15/16 | | $ | 0.476563 | | | | 63.952300 | % | | | 36.047700 | % | | | 0 | % | | | 0 | % |
| 12/15/16 | | $ | 0.232990 | | | | 94.359415 | % | | | 5.640585 | % | | | 0 | % | | | 0 | % |
| TOTAL | | $ | 1.662679 | | | | 85.205984 | % | | | 14.794016 | % | | | 0 | % | | | 0 | % |
7.875% Series B Cumulative Redeemable Preferred – CUSIP 609720305
| Shown as Dollars ($) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.492188 | | | $ | 0.444044 | | | $ | 0.048144 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 6/15/16 | | $ | 0.492188 | | | $ | 0.477286 | | | $ | 0.014902 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 9/15/16 | | $ | 0.492187 | | | $ | 0.314765 | | | $ | 0.177422 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 12/15/16 | | $ | 0.492188 | | | $ | 0.464425 | | | $ | 0.027763 | | | $ | 0.000000 | | | $ | 0.000000 | |
| TOTAL | | $ | 1.968751 | | | $ | 1.700520 | | | $ | 0.268231 | | | $ | 0.000000 | | | $ | 0.000000 | |
| Shown as a Percentage (%) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | $ | 0.492188 | | | | 90.218372 | % | | | 9.781628 | % | | | 0 | % | | | 0 | % |
| 6/15/16 | | $ | 0.492188 | | | | 96.972295 | % | | | 3.027705 | % | | | 0 | % | | | 0 | % |
| 9/15/16 | | $ | 0.492187 | | | | 63.952280 | % | | | 36.047720 | % | | | 0 | % | | | 0 | % |
| 12/15/16 | | $ | 0.492188 | | | | 94.359269 | % | | | 5.640731 | % | | | 0 | % | | | 0 | % |
| TOTAL | | $ | 1.968751 | | | | 86.375562 | % | | | 13.624438 | % | | | 0 | % | | | 0 | % |
6.125% Series C Cumulative Redeemable Preferred - CUSIP 609720404
| Shown as Dollars ($) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | | — | | | | — | | | $ | 0.000000 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 6/15/16 | | | — | | | | — | | | $ | 0.000000 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 9/15/16 | | | — | | | | — | | | $ | 0.000000 | | | $ | 0.000000 | | | $ | 0.000000 | |
| 12/15/16 | | $ | 0.331771 | | | $ | 0.313057 | | | $ | 0.018714 | | | $ | 0.000000 | | | $ | 0.000000 | |
| TOTAL | | $ | 0.331771 | | | $ | 0.313057 | | | $ | 0.018714 | | | $ | 0.000000 | | | $ | 0.000000 | |
| Shown as a Percentage (%) |
| Payment Date | | Distributions
Paid Per Share | | | Non-Qualifying
Ord. Income (1a) | | | Total Long-Term
Capital Gain (2a) | | | Unrecap Sec 1250 Gain (2b) | | | Return of Capital (3) | |
| 3/15/16 | | | — | | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % |
| 6/15/16 | | | — | | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % |
| 9/15/16 | | | — | | | | 0 | % | | | 0 | % | | | 0 | % | | | 0 | % |
| 12/15/16 | | $ | 0.331771 | | | | 94.359362 | % | | | 5.640638 | % | | | 0 | % | | | 0 | % |
| TOTAL | | $ | 0.331771 | | | | 94.359362 | % | | | 5.640638 | % | | | 0 | % | | | 0 | % |
DIVIDEND REINVESTMENT PLAN DISCOUNTS - Common – CUSIP 609720107
| Discount Date | | Fair Market Value ($) | | | Discount Price ($) | | | Discount on D/R ($) | |
| 1/15/2016 | | | 9.815 | | | | 9.580 | | | | 0.235 | |
| 2/16/2016 | | | 10.595 | | | | 10.070 | | | | 0.525 | |
| 3/15/2016 | | | 11.070 | | | | 10.560 | | | | 0.510 | |
| 4/15/2016 | | | 11.665 | | | | 11.100 | | | | 0.565 | |
| 5/16/2016 | | | 11.935 | | | | 11.340 | | | | 0.595 | |
| 6/15/2016 | | | 12.755 | | | | 12.160 | | | | 0.595 | |
| 7/16/2016 | | | 13.365 | | | | 12.780 | | | | 0.585 | |
| 8/15/2016 | | | 13.750 | | | | 13.140 | | | | 0.610 | |
| 9/15/2016 | | | 13.705 | | | | 13.180 | | | | 0.525 | |
| 10/17/2016 | | | 13.375 | | | | 12.710 | | | | 0.665 | |
| 11/15/2016 | | | 13.270 | | | | 12.620 | | | | 0.650 | |
| 12/15/2016 | | | 13.945 | | | | 13.440 | | | | 0.505 | |
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. The Company specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 100 properties containing a total of approximately 16.6 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.
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