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424 Bedford, Brooklyn, NY

< Back to KBS Strategic Opportunity REIT

KBS Strategic Opportunity REIT

Closed On November 23, 2012

Distribution History

CASH DISTRIBUTION HISTORY*

RECORD DATE PAYMENT DATE AMOUNT/SHARE* REASON
12/23/2011 12/28/2011 $0.30000000 Estimated appreciation in the value of the REIT’s assets.
2/14/2012 2/17/2012 $0.02309337 Gain on the sale of one Roseville building
4/16/2012 4/30/2012 $0.02500000 Gain on extinguishment of debt related to 1635 N. Cahuenga, disposition of partially improved land in the Roseville portfolio and increase valuation of the REIT’s real estate assets.
7/20/2012 7/31/2012 $0.35190663 Estimated appreciation in the value of the REIT’s assets.
3/22/2013 4/4/2013 $0.06153498 Gain from the unsolicited sale of one building in the Richardson Portfolio
11/13/2013 12/5/2013 $0.38000000 Gain on foreclosure of real estate loan receivable, gain on sale of real estate and other estimated taxable income
2014 Various $0.26294507 Ongoing Operations
2015 Various $0.37500000 Ongoing Operations
2016 Various $0.37500000 Ongoing Operations
3/13/2017 3/16/2017 $0.09246575 Ongoing Operations
6/12/2017 6/15/2017 $0.09349315 Ongoing Operations
9/15/2017 9/22/2018 $0.09452055 Ongoing Operations
12/7/2017** 1/17/2018 $3.61000000 Gain on sale of the Singapore Portfolio (20% paid in cash, 80% paid in stock)
3/16/2018 3/21/2018 $0.01597500 Ongoing Operations
6/15/208 6/20/2018 $0.01597500 Ongoing Operations
9/14/2018 9/19/2018 $ 0.01597500 Ongoing Operations
11/12/2018 12/19/2018 $ 2.95000000 Gain on sale of Park Highlands land (20% paid in cash, 80% paid in stock)
3/14/2019 3/19/2019 $ 0.00860000 Ongoing Operations
6/14/2019 6/19/2019 $ 0.00860000 Ongoing Operations
9/13/2019 9/18/2019** $ 0.00860000 Ongoing Operations

* Percentages presented are based on a $10.00 per share purchase price.
** The REIT expects to pay this distribution on or about September 18, 2019.

Because KBS Strategic Opportunity REIT intends to fund distributions from cash flow and strategic financing, at this time the REIT does not expect its board of directors to declare distributions on a set monthly or quarterly basis. Rather, the board of directors will declare distributions from time to time based on cash flow from the REIT’s investments, gains on sales of assets, increases in the value of the REIT’s assets after acquisition and the REIT’s investment and financing activities. As such, the REIT can also give no assurances as to the timing, amount or notice with respect to any other future distribution declarations. Distributions paid through June 30, 2019, consisting of 61% paid in cash and 39% reinvested through the dividend reinvestment plan, have been funded with 47% coming from cash provided by operations, 43% coming from dispositions of property and 10% from debt financing. For more information, please refer to the REIT’s public filings. Because a portion of the distributions paid to date were paid with borrowings, distributions may not be sustainable. KBS Strategic Opportunity REIT’s organizational documents do not restrict it from paying distributions from any source and do not restrict that amount of distributions it may pay from any source, including offering proceeds. Distributions paid from sources other than current or accumulated earnings and profits may constitute a return of capital. A return of capital would reduce the amount the REIT would have for investment which could reduce an investor’s return on their investment. There are no guarantees the REIT will continue to pay distributions or pay them at the rates similar to those referenced above.

 

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