MEMPHIS, Tenn.–(BUSINESS WIRE)–Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that
its Board of Directors declared a cash dividend of $0.35 per share of
common stock for the quarter ending March 31, 2019. The dividend is
payable on April 15, 2019 to stockholders of record on April 1, 2019.
The quarterly distribution represents an annualized dividend rate of
$1.40 per share, which is the annual dividend rate that the Company has
maintained since is IPO in 2015.
The Company’s Board of Directors also declared a cash dividend on the
Series B Preferred Stock in the amount of $0.4375 per share for the
quarter ending March 31, 2019. The dividend is payable on April 15, 2019
to holders of Series B Preferred Stock of record on April 1, 2019. The
quarterly distribution represents an annualized dividend rate of $1.75
About Jernigan Capital, Inc.
Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate
investment trust (NYSE: JCAP) that provides debt and equity capital to
private developers, owners, and operators of self-storage facilities
with a view to eventual outright ownership of facilities it financed.
Its mission is to maximize shareholder value by accumulating a
multi-billion-dollar investment portfolio consisting of the newest, most
attractive and best located self-storage facilities in the United States
through a talented and experienced team demonstrating the highest levels
of integrity, dedication, excellence and community.
This press release includes “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 and
other federal securities laws. The ultimate occurrence of events and
results referenced in these forward-looking statements is subject to
known and unknown risks and uncertainties, many of which are beyond our
control. These forward-looking statements are based upon the Company’s
present intentions and expectations, but the events and results
referenced in these statements are not guaranteed to occur. Investors
should not place undue reliance upon forward-looking statements. For a
discussion of these and other risks facing our business, see the
information under the heading “Risk Factors” in our Annual Report on
Form 10-K filed with the Securities and Exchange Commission (“SEC”) and
our other filings with the SEC from time to time, which are accessible
on the SEC’s website at www.sec.gov.
Jernigan Capital, Inc.
David Corak | 901.567.9580