InPoint Commercial Real Estate Income, Inc 8-K, filed Feb 27, 2020
InPoint Commercial Real Estate Income, Inc. (ICR-PA)
About this 8-K
InPoint Commercial Real Estate Income, Inc filed this 8-K on February 27, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 27, 2020
INPOINT COMMERCIAL REAL ESTATE INCOME, INC. (Exact Name of Registrant as Specified in Its Charter)
| Maryland<br><br><br>(State or other jurisdiction<br>of incorporation) | 000-55782<br><br><br>(Commission File<br>Number) | 32-0506267<br><br><br>(I.R.S. Employer<br>Identification No.) |
|---|---|---|
| 2901 Butterfield Road Oak Brook, Illinois | 60523 | |
| (Address of principal executive offices) | (Zip Code) |
(800) 826-8228
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a‑12 under the Exchange Act |
| --- | --- |
| ☐ | Pre‑commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act |
| --- | --- |
| ☐ | Pre‑commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☑
Item 8.01. Other Events.
February 2020 Distributions
On February 27, 2020, InPoint Commercial Real Estate Income, Inc. (the “Company”) declared distributions for each class of its common stock in the amount per share set forth below:
| Gross<br><br><br>Distribution | Stockholder<br><br><br>Servicing Fee | Net<br><br><br>Distribution | ||||
|---|---|---|---|---|---|---|
| Class A Common Stock | $ | 0.1350 | N/A | $ | 0.1350 | |
| Class D Common Stock | $ | 0.1350 | $ | 0.0050 | $ | 0.1300 |
| Class I Common Stock | $ | 0.1350 | N/A | $ | 0.1350 | |
| Class P Common Stock | $ | 0.1600 | N/A | $ | 0.1600 | |
| Class T Common Stock | $ | 0.1350 | $ | 0.0169 | $ | 0.1181 |
The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record as of the close of business on February 29, 2020 and will be paid on or about March 18, 2020. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INPOINT COMMERCIAL REAL ESTATE INCOME, INC. | |||
|---|---|---|---|
| Date: | February 27, 2020 | By: | /s/ Catherine L. Lynch |
| Catherine L. Lynch | |||
| Chief Financial Officer |