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Corporate Technology Centre, San Jose, CA

< Back to KBS Real Estate Investment Trust II

KBS Real Estate Investment Trust II

Closed On December 31, 2010

Distribution History

CASH DISTRIBUTION HISTORY*

PERIOD DISTRIBUTION
(Per Share)
RECORD DATE ANNUALIZED DISTRIBUTION RATE
July 16, 2008 – Dec. 2012 $0.00178082 Daily 6.5%
January 2013 – Dec. 2013 $0.00178082 Daily 6.5%
January 2014 – August 2014 $0.00178082 Daily 6.5%
September 2014 – December 2014 $0.13328082** Monthly N/A
January 2015 – December 2015 $0.29299998** Monthly 5.0%
January 2016 – December 2016 $0.28100004** Monthly 5.0%
January 2017 – December 2017 $0.27449999** Monthly 5.0%
January 2018 – December 2018 $0.24449997** Monthly 5.0%
January 2019 – October 2019 $0.19875000** Monthly 5.0%

 

SPECIAL DISTRIBUTIONS***

PERIOD DISTRIBUTION
(Per Share)
RECORD DATE
February 2013 $0.05416667 February 4, 2013
September 2014 $4.50000000 September 15, 2014
June 2019 $0.45 June 17, 2019

 

LIQUIDATING DISTRIBUTIONS****

PERIOD DISTRIBUTION
(Per Share)
RECORD DATE
March 2020 $0.75 March 5, 2020
August 2020 $0.25 August 3, 2020
December 2020 $0.40 December 24, 2020
October 2021 $0.50 October 1, 2021
December 2021 $0.20 December 9, 2021

*From July 2008 through August 2014, KBS REIT II paid monthly distributions that were calculated at a daily rate of $0.00178082 per share per day and equaled a daily amount that, if paid each day for a 365-day period, equaled a 6.5% annualized rate based on the primary offering purchase price of $10.00 per share. Subsequent to monthly distribution payments in September, October, November and December 2014, from January 2015 through December 2015, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.86. From January 2016 through December 2016, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.62. From January 2017 through December 2017, distributions were calculated based on stockholders of record on monthly record rates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.49. From January 2018 through December 2018, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $4.89. From January 2019 through June 2019, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $4.95. From July 2019 through October 2019, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s current estimated value per share of $4.50. Pursuant to the Plan of Liquidation, on March 5, 2020, KBS REIT II does not expect to pay regular monthly distributions during the liquidation process.

Distributions paid through October 31, 2019, consisted of 66% paid in cash and 34% reinvested through the dividend reinvestment plan, having been funded with 89% from operating cash flows, 5% from debt financing, 4% from proceeds from the sales of real estate properties and the repayment or sale of real estate loans receivables and 2% from cash on hand.

**Represents the total distribution per share for the period

***The February 2013 special distribution was funded from the REIT’s modified funds from operations in excess of distributions declared for the 2012 calendar year. The September 2014 special distribution was funded with proceeds from the dispositions of nine real estate properties between May 2014 and August 2014, as well as cash on hand resulting primarily from the repayment or sale of five real estate loans receivable during 2013 and 2014. The June 2019 special distribution was funded primarily from the net proceeds from the dispositions of two real estate properties in May 2019.

****Pursuant to the Plan of Liquidation, on March 5, 2020, the board of directors of KBS REIT II authorized an initial liquidating distribution in the amount of $0.75 per share of common stock to its stockholders of record as of the close of business on March 5, 2020. The initial liquidating distribution was paid on March 10, 2020 and was funded from proceeds from the sale of the Campus Drive Buildings. On July 31, 2020, the board of directors of KBS REIT II authorized a second liquidating distribution in the amount of $0.25 per share of common stock to its stockholders of record as of the close of business on August 3, 2020. The second liquidating distribution was paid on August 7, 2020 and was funded from proceeds from the sale of two office buildings in Corporate Technology Centre – 100 Headquarters and 200 Holger. On December 24, 2020, the board of directors of KBS REIT II authorized a third liquidating distribution in the amount of $0.40 per share of common stock to its stockholders of record as of the close of business on December 24, 2020. The third liquidating distribution was paid on December 30, 2020 and was funded from proceeds from the sale of two office buildings in Corporate Technology Centre – 350 Holger and 250 Holger. On September 29, 2021, the board of directors of KBS REIT II authorized a fourth liquidating distribution in the amount of $0.50 per share of common stock to its stockholders of record as of the close of business on October 1, 2021. The fourth liquidating distribution was paid on October 5, 2021 and funded from proceeds from the sale of Fountainhead Plaza and Granite Tower. On December 9, 2021, the board of directors of KBS REIT II authorized a fifth liquidating distribution in the amount of $0.20 per share of common stock to its stockholders of record as of the close of business on December 9, 2021. The fifth liquidating distribution was paid on December 14, 2021 and funded from proceeds from the sale of Willow Oaks Corporate Center and an office building in Corporate Technology Centre – 300 Holger.

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