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 |
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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