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)
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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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Words such as “may,” “could,” “should,” “expect,” “intend,” “plan,” “goal,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “variables,” “potential,” “continue,” “expand,” “maintain,” “create,” “strategies,” “likely,” “will,” “would” and variations of these terms and similar expressions indicate forward-looking statements. These forward-looking statements reflect the intent, belief or current expectations of our management based on their knowledge and understanding of the business and industry, the economy and other future conditions. These statements are not factual or guarantees of future performance, and we caution stockholders not to place undue reliance on them. Actual results may differ materially from those expressed or forecasted in forward-looking statements due to a variety of risks, uncertainties and other factors, including but not limited to risks related to blind pool offerings, best efforts offerings, use of short-term financing, borrower defaults, changing interest rates, and other risks detailed in the Risk Factors section in our most recent Annual Report on Form 10-K and in subsequent filings on Form 10-Q as filed with the Securities and Exchange Commission and made available on our website. Forward-looking statements reflect our management’s view only as of the date they are made and may ultimately prove to be incorrect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results except as required by applicable law. We intend for these forward-looking statements to be covered by the applicable safe harbor provisions created by Section 27A of the Securities Act and Section 21E of the Exchange Act.
Item 8.01 Other Events.
Distribution to Stockholders of Record as of October 31, 2024
The Board of Directors of InPoint Commercial Real Estate Income, Inc. has authorized a distribution for each class of its common stock in the amount per share set forth below.
October 31, 2024 Record Date |
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Gross |
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Stockholder |
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Net |
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Class A Common Stock |
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$ |
0.1042 |
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N/A |
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$ |
0.1042 |
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Class D Common Stock |
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$ |
0.1042 |
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$ |
0.0035 |
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$ |
0.1007 |
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Class I Common Stock |
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$ |
0.1042 |
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N/A |
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$ |
0.1042 |
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Class P Common Stock |
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$ |
0.1042 |
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N/A |
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$ |
0.1042 |
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Class T Common Stock |
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$ |
0.1042 |
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$ |
0.0120 |
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$ |
0.0922 |
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The net distributions for each class of common stock (which represent the gross distribution less any stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record as of close of business October 31, 2024 and will be paid on or about November 19, 2024. These distributions will be paid in cash.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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: |
October 30, 2024 |
By: |
/s/ Catherine L. Lynch |
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Catherine L. Lynch |
Document And Entity Information |
Oct. 30, 2024 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Oct. 30, 2024 |
| Entity Registrant Name | InPoint Commercial Real Estate Income, Inc. |
| Entity Central Index Key | 0001690012 |
| Entity Emerging Growth Company | true |
| Entity File Number | 001-40833 |
| Entity Incorporation, State or Country Code | MD |
| Entity Tax Identification Number | 32-0506267 |
| Entity Address, Address Line One | 2901 Butterfield Road |
| Entity Address, City or Town | Oak Brook |
| Entity Address, State or Province | IL |
| Entity Address, Postal Zip Code | 60523 |
| City Area Code | (800) |
| Local Phone Number | 826-8228 |
| Entity Information, Former Legal or Registered Name | N/A |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Ex Transition Period | true |
| Title of 12(b) Security | 6.75% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share |
| Trading Symbol | ICR PR A |
| Security Exchange Name | NYSE |