0001493152-17-000979.txt : 20170131 0001493152-17-000979.hdr.sgml : 20170131 20170131161525 ACCESSION NUMBER: 0001493152-17-000979 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170126 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170131 DATE AS OF CHANGE: 20170131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT CORP CENTRAL INDEX KEY: 0000067625 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221897375 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33177 FILM NUMBER: 17561302 BUSINESS ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-D STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 BUSINESS PHONE: 7325779996 MAIL ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-D STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 FORMER COMPANY: FORMER CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19900403 8-K 1 form8-k.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 26, 2017

 

 

 

Monmouth Real Estate Investment Corporation

(Exact name of registrant as specified in its charter)

 

Maryland   001-33177   22-1897375

(State or other jurisdiction

of incorporation)

  

(State or Number) other
jurisdiction Number)

  

(I.R.S. Employer

Identification No.)

 

Juniper Business Plaza, Suite 3-D

3499 Route 9 North

Freehold, New Jersey 07728

(Address of principal executive offices) (Zip Code)

 

(732) 577-9996

 

(Registrant’s telephone number, including area code)

 

Not Applicable

 

(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 Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ] Soliciting material pursuant to Rule 14a-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))

 

 

 

   
  

 

Item 7.01. Regulation FD Disclosure.

 

On January 26, 2017, the Company issued a press release announcing the tax treatment for its 2016 distributions.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits.
   
  99.1 Press release, dated January 26, 2017.

 

   
  

 

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 31, 2017 By: /s/ Kevin S. Miller
    Kevin S. Miller
    Chief Financial Officer and Chief Accounting Officer

 

   
  

 EX-99.1 2 ex99-1.htm

 

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 26, 2017
   
  Contact: Susan Jordan
  732-577-9996

 

MONMOUTH REAL ESTATE ANNOUNCES TAX TREATMENT

FOR 2016 DISTRIBUTIONS

 

FREEHOLD, NJ, JANUARY 26, 2017……Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2016 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, 2016.

 

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) 
3/15/16  $0.160000   $0.085183   $0.008424   $0.000000   $0.066393 
6/15/16  $0.160000   $0.088488   $0.002543   $0.000000   $0.068969 
9/15/16  $0.160000   $0.073326   $0.029522   $0.000000   $0.057152 
12/15/16  $0.160000   $0.085886   $0.007173   $0.000000   $0.066941 
TOTAL  $0.640000   $0.332883   $0.047662   $0.000000   $0.259455 

 

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) 
3/15/16  $0.160000    53.239375%   5.265000%   0%   41.495625%
6/15/16  $0.160000    55.305000%   1.589375%   0%   43.105625%
9/15/16  $0.160000    45.828750%   18.451250%   0%   35.720000%
12/15/16  $0.160000    53.678750%   4.483125%   0%   41.838125%
TOTAL  $0.640000    52.012969%   7.447187%   0%   40.539844%

 

7.625% Series A Cumulative Redeemable Preferred - CUSIP 609720206

 

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) 
3/15/16  $0.476563   $0.429947   $0.046616   $0.000000   $0.000000 
6/15/16  $0.476563   $0.462134   $0.014429   $0.000000   $0.000000 
9/15/16  $0.476563   $0.304773   $0.171790   $0.000000   $0.000000 
12/15/16  $0.232990   $0.219848   $0.013142   $0.000000   $0.000000 
TOTAL  $1.662679   $1.416702   $0.245977   $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) 
3/15/16  $0.476563    90.218292%   9.781708%   0%   0%
6/15/16  $0.476563    96.972279%   3.027721%   0%   0%
9/15/16  $0.476563    63.952300%   36.047700%   0%   0%
12/15/16  $0.232990    94.359415%   5.640585%   0%   0%
TOTAL  $1.662679    85.205984%   14.794016%   0%   0%

 

   
  

 

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) 
3/15/16  $0.492188   $0.444044   $0.048144   $0.000000   $0.000000 
6/15/16  $0.492188   $0.477286   $0.014902   $0.000000   $0.000000 
9/15/16  $0.492187   $0.314765   $0.177422   $0.000000   $0.000000 
12/15/16  $0.492188   $0.464425   $0.027763   $0.000000   $0.000000 
TOTAL  $1.968751   $1.700520   $0.268231   $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) 
3/15/16  $0.492188    90.218372%   9.781628%   0%   0%
6/15/16  $0.492188    96.972295%   3.027705%   0%   0%
9/15/16  $0.492187    63.952280%   36.047720%   0%   0%
12/15/16  $0.492188    94.359269%   5.640731%   0%   0%
TOTAL  $1.968751    86.375562%   13.624438%   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) 
3/15/16   —    —   $0.000000   $0.000000   $0.000000 
6/15/16   —    —   $0.000000   $0.000000   $0.000000 
9/15/16   —    —   $0.000000   $0.000000   $0.000000 
12/15/16  $0.331771   $0.313057   $0.018714   $0.000000   $0.000000 
TOTAL  $0.331771   $0.313057   $0.018714   $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) 
3/15/16   —    0%   0%   0%   0%
6/15/16   —    0%   0%   0%   0%
9/15/16   —    0%   0%   0%   0%
12/15/16  $0.331771    94.359362%   5.640638%   0%   0%
TOTAL  $0.331771    94.359362%   5.640638%   0%   0%

 

DIVIDEND REINVESTMENT PLAN DISCOUNTS - Common – CUSIP 609720107

 

Discount Date  Fair Market Value ($)   Discount Price ($)   Discount on D/R ($) 
1/15/2016   9.815    9.580    0.235 
2/16/2016   10.595    10.070    0.525 
3/15/2016   11.070    10.560    0.510 
4/15/2016   11.665    11.100    0.565 
5/16/2016   11.935    11.340    0.595 
6/15/2016   12.755    12.160    0.595 
7/16/2016   13.365    12.780    0.585 
8/15/2016   13.750    13.140    0.610 
9/15/2016   13.705    13.180    0.525 
10/17/2016   13.375    12.710    0.665 
11/15/2016   13.270    12.620    0.650 
12/15/2016   13.945    13.440    0.505 

 

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 100 properties containing a total of approximately 16.6 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.

 

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