InPoint Commercial Real Estate Income, Inc 8-K, filed Jan 24, 2023
InPoint Commercial Real Estate Income, Inc. (ICR-PA)
About this 8-K
InPoint Commercial Real Estate Income, Inc filed this 8-K on January 24, 2023.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: |
(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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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.
For the year ended December 31, 2022, InPoint Commercial Real Estate Income, Inc. (the "Company") paid common stock cash distributions of approximately $13.2 million and preferred stock cash distributions of approximately $6.1 million. For income tax purposes for the common stock distributions, 63.4% were treated as ordinary dividends and 36.6% were treated as nondividend distributions (which are treated for income tax purposes as a return of capital to the extent of a stockholder's basis in its shares and thereafter as capital gain). For income tax purposes for the preferred stock distributions, all of the distributions were treated as ordinary dividends. The following table denotes the nature of the Company's monthly cash distributions paid in 2022 for income tax purposes only. Stockholders are advised to consult with their tax advisors about the specific tax treatment of distributions paid by the Company in 2022. All amounts are stated in dollars per share.
Record Date(s) |
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Distribution Payment Date |
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Total Cash Distributions |
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Ordinary Dividend |
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Capital Gain |
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Nondividend Distributions |
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Class P Common Stock: |
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December 31, 2021 |
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January 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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January 31, 2022 |
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February 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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February 28, 2022 |
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March 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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March 31, 2022 |
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April 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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April 30, 2022 |
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May 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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May 31, 2022 |
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June 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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June 30, 2022 |
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July 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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July 31, 2022 |
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August 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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August 31, 2022 |
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September 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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September 30, 2022 |
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October 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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October 31, 2022 |
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November 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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November 30, 2022 |
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December 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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Class A Common Stock: |
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December 31, 2021 |
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January 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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January 31, 2022 |
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February 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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February 28, 2022 |
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March 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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March 31, 2022 |
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April 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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April 30, 2022 |
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May 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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May 31, 2022 |
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June 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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June 30, 2022 |
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July 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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July 31, 2022 |
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August 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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August 31, 2022 |
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September 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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September 30, 2022 |
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October 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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October 31, 2022 |
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November 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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November 30, 2022 |
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December 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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Class D Common Stock: |
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December 31, 2021 |
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January 19, 2022 |
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$ |
0.0999 |
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$ |
0.0633 |
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$ |
— |
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$ |
0.0366 |
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January 31, 2022 |
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February 17, 2022 |
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$ |
0.0999 |
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$ |
0.0633 |
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$ |
— |
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$ |
0.0366 |
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February 28, 2022 |
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March 17, 2022 |
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$ |
0.1003 |
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$ |
0.0636 |
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$ |
— |
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$ |
0.0367 |
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March 31, 2022 |
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April 19, 2022 |
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$ |
0.0999 |
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$ |
0.0634 |
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$ |
— |
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$ |
0.0365 |
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April 30, 2022 |
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May 18, 2022 |
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$ |
0.1001 |
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$ |
0.0635 |
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$ |
— |
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$ |
0.0366 |
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May 31, 2022 |
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June 17, 2022 |
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$ |
0.1000 |
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$ |
0.0634 |
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$ |
— |
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$ |
0.0366 |
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June 30, 2022 |
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July 19, 2022 |
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$ |
0.1001 |
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$ |
0.0635 |
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$ |
— |
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$ |
0.0366 |
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July 31, 2022 |
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August 17, 2022 |
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$ |
0.1000 |
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$ |
0.0634 |
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$ |
— |
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$ |
0.0366 |
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August 31, 2022 |
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September 19, 2022 |
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$ |
0.1000 |
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$ |
0.0634 |
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$ |
— |
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$ |
0.0366 |
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September 30, 2022 |
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October 18, 2022 |
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$ |
0.1001 |
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$ |
0.0635 |
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$ |
— |
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$ |
0.0366 |
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October 31, 2022 |
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November 17, 2022 |
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$ |
0.1000 |
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$ |
0.0634 |
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$ |
— |
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$ |
0.0366 |
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November 30, 2022 |
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December 19, 2022 |
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$ |
0.1002 |
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$ |
0.0635 |
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$ |
— |
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$ |
0.0367 |
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Class I Common Stock: |
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December 31, 2021 |
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January 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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January 31, 2022 |
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February 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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February 28, 2022 |
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March 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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March 31, 2022 |
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April 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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April 30, 2022 |
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May 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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May 31, 2022 |
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June 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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June 30, 2022 |
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July 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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July 31, 2022 |
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August 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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August 31, 2022 |
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September 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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September 30, 2022 |
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October 18, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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October 31, 2022 |
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November 17, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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November 30, 2022 |
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December 19, 2022 |
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$ |
0.1042 |
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$ |
0.0661 |
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$ |
— |
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$ |
0.0381 |
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Class T Common Stock: |
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December 31, 2021 |
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January 19, 2022 |
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$ |
0.0897 |
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$ |
0.0569 |
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$ |
— |
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$ |
0.0328 |
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January 31, 2022 |
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February 17, 2022 |
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$ |
0.0896 |
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$ |
0.0568 |
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$ |
— |
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$ |
0.0328 |
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February 28, 2022 |
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March 17, 2022 |
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$ |
0.0910 |
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$ |
0.0577 |
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$ |
— |
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$ |
0.0333 |
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March 31, 2022 |
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April 19, 2022 |
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$ |
0.0898 |
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$ |
0.0569 |
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$ |
— |
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$ |
0.0329 |
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April 30, 2022 |
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May 18, 2022 |
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$ |
0.0903 |
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$ |
0.0573 |
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$ |
— |
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$ |
0.0330 |
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May 31, 2022 |
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June 17, 2022 |
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$ |
0.0899 |
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$ |
0.0570 |
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$ |
— |
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$ |
0.0329 |
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June 30, 2022 |
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July 19, 2022 |
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$ |
0.0904 |
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$ |
0.0573 |
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$ |
— |
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$ |
0.0331 |
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July 31, 2022 |
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August 17, 2022 |
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$ |
0.0899 |
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$ |
0.0570 |
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$ |
— |
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$ |
0.0329 |
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August 31, 2022 |
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September 19, 2022 |
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$ |
0.0900 |
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$ |
0.0571 |
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$ |
— |
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$ |
0.0329 |
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September 30, 2022 |
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October 18, 2022 |
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$ |
0.0905 |
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$ |
0.0574 |
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$ |
— |
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$ |
0.0331 |
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October 31, 2022 |
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November 17, 2022 |
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$ |
0.0900 |
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$ |
0.0571 |
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$ |
— |
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$ |
0.0329 |
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November 30, 2022 |
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December 19, 2022 |
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$ |
0.0905 |
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$ |
0.0574 |
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$ |
— |
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$ |
0.0331 |
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Series A Cumulative Redeemable Preferred Stock: |
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March 15, 2022 |
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March 31, 2022 |
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$ |
0.4219 |
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$ |
0.4219 |
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$ |
— |
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$ |
— |
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June 15, 2022 |
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June 30, 2022 |
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$ |
0.4219 |
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$ |
0.4219 |
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$ |
— |
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$ |
— |
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September 15, 2022 |
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September 30, 2022 |
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$ |
0.4219 |
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$ |
0.4219 |
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$ |
— |
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$ |
— |
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December 15, 2022 |
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December 30, 2022 |
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$ |
0.4219 |
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$ |
0.4219 |
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$ |
— |
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$ |
— |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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INPOINT COMMERCIAL REAL ESTATE INCOME, INC. |
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Date: |
January 24, 2023 |
By: |
/s/ Catherine L. Lynch |
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Catherine L. Lynch |