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Section 1: 8-K

 

 

 

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) January 29, 2018

 

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

MARYLAND   001-33177   22-1897375
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

3499 Route 9N, Suite 3D, Freehold, NJ   07728
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (732) 577-9996

 

 

 

(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 (see General Instructions A.2. below):

 

[  ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
   
[  ] Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ] Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 7.01 Regulation FD Disclosure.

 

On January 29, 2018, the Company issued a press release announcing the tax treatment for its 2017 distributions.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

  99 Press Release dated January 29, 2018

 

 
 

 

SIGNATURES

 

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.

 

  MONMOUTH REAL ESTATE INVESTMENT CORPORATION

 

Dated: January 30, 2018 By: /s/ Kevin S. Miller
   

Kevin S. Miller
Chief Financial Officer and Chief Accounting Officer

 

 
 

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Section 2: EX-99

 

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

 

JUNIPER BUSINESS PLAZA

 

3499 ROUTE 9 NORTH, SUITE 3-D

 

FREEHOLD, NEW JERSEY 07728

 

A Public REIT Since 1968

 

____

 

INTERNET:   (732) 577-9996   EMAIL:
www.mreic.reit   FAX: (732) 577-9981   mreic@mreic.com

 

FOR IMMEDIATE RELEASE   January 29, 2018
    Contact: Susan Jordan
    732-577-9996

 

MONMOUTH REAL ESTATE ANNOUNCES TAX TREATMENT

FOR 2017 DISTRIBUTIONS

 

FREEHOLD, NJ, JANUARY 29, 2018……Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2017 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth’s common and preferred shares during the calendar year ended December 31, 2017.

 

Common - CUSIP 609720107

 

Shown as Dollars ($)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.160000   $0.085606   $0.000000   $0.000000   $0.074394 
6/15/17  $0.160000   $0.079514   $0.011387   $0.000000   $0.069099 
9/15/17  $0.160000   $0.085535   $0.000133   $0.000000   $0.074332 
12/15/17  $0.170000   $0.069498   $0.040106   $0.010117   $0.060396 
TOTAL  $0.650000   $0.320153   $0.051626   $0.010117   $0.278221 

 

Shown as a Percentage (%)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.160000    53.503811%   0%   0%   46.496189%
6/15/17  $0.160000    49.695946%   7.116990%   0%   43.187064%
9/15/17  $0.160000    53.459398%   0.083009%   0%   46.457593%
12/15/17  $0.170000    40.881378%   23.591648%   5.951009%   35.526974%
TOTAL  $0.650000    49.254306%   7.942431%   1.556418%   42.803263%

 

7.875% Series B Cumulative Redeemable Preferred - CUSIP 609720305

Shown as Dollars ($)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.492188   $0.492188   $0.000000   $0.000000   $0.000000 
6/15/17  $0.525000   $0.470660   $0.054340   $0.000000   $0.000000 
9/15/17  $0.000000   $0.000000   $0.000000   $0.000000   $0.000000 
12/15/17  $0.000000   $0.000000   $0.000000   $0.000000   $0.000000 
TOTAL  $1.017188   $.962848   $0.054340   $0.000000   $0.000000 

 

Shown as a Percentage (%)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.492188    100%   0%   0%   0%
6/15/17  $0.525000    89.649558%   10.350442%   0%   0%
9/15/17  $0.000000    0%   0%   0%   0%
12/15/17  $0.000000    0%   0%   0%   0%
TOTAL  $1.017188    94.657839%   5.342161%   0%   0%

 

 
 

 

6.125% Series C Cumulative Redeemable Preferred - CUSIP 609720404

 

Shown as Dollars ($)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.382813   $0.382813   $0.000000   $0.000000   $0.000000 
6/15/17  $0.382813   $0.343190   $0.039623   $0.000000   $0.000000 
9/15/17  $0.382813   $0.382207   $0.000606   $0.000000   $0.000000 
12/15/17  $0.382813   $0.224395   $0.158418   $0.027976   $0.000000 
TOTAL  $1.531252   $1.332605   $0.198647   $0.027976   $0.000000 

 

Shown as a Percentage (%)
Payment Date  Distributions Paid Per Share   Non-Qualifying Ord. Income (1a)   Total Long-Term Capital Gain (2a)  

Unrecap Sec 1250 Gain

(2b)

   Return of Capital (3) 
3/15/17  $0.382813    100%   0%   0%   0%
6/15/17  $0.382813    89.649558%   10.350442%   0%   0%
9/15/17  $0.382813    99.841784%   0.158216%   0%   0%
12/15/17  $0.382813    58.617413%   41.382587%   7.307968%   0%
TOTAL  $1.531252    87.027189%   12.972811%   1.826992%   0%

 

DIVIDEND REINVESTMENT PLAN DISCOUNTS - Common – CUSIP 609720107

 

   Fair Market Value   Discount Price   Discount on D/R 
1/17/2017  $14.815   $14.080   $0.735 
2/15/2017  $14.195   $13.700   $0.495 
3/15/2017  $13.960   $13.270   $0.690 
4/15/2017  $14.740   $14.010   $0.730 
5/15/2017  $14.060   $13.360   $0.700 
6/15/2017  $15.090   $14.430   $0.660 
7/17/2017  $15.280   $14.520   $0.760 
8/15/2017  $15.130   $14.380   $0.750 
9/15/2017  $16.120   $15.320   $0.800 
10/16/2017  $16.790   $15.960   $0.830 
11/15/2017  $17.220   $16.410   $0.810 
12/15/2017  $17.870   $17.010   $0.860 

 

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 19.9 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.

 

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