Carter Validus Mission Critical REIT II Declares Distribution Rates to be Paid in Q2 2017
February 10, 2017 | James Sprow | Blue Vault
On February 8, 2017, the board of directors of Carter Validus Mission Critical REIT II authorized daily distributions rates for the three classes of common stock as follows:
Class A Distributions Authorized
The distributions for March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001767101 per Class A Share, which is equal to an annualized rate of 6.40%, assuming a purchase price of $10.078 per Class A Share.
Class T Distributions Authorized
The distributions for March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001501543 per Class T Share, which is equal to an annualized rate of 5.68%, assuming a purchase price of $9.649 per Class T Share.
Class I Distributions Authorized*
A daily distribution to the Company’s Class I stockholders of record as of the close of business on each day of the period commencing on the day following the date on which the first Class I share is purchased in the Company’s ongoing public offering and ending May 31, 2017. The distributions for February 2017, March 2017, April 2017, and May 2017 will be calculated based on 365 days in the calendar year and will be equal to $0.001767101 per Class I Share, which is equal to an annualized rate of 7.04%, assuming a purchase price of $9.162 per Class I Share.
*On January 13, 2017, Carter Validus Mission Critical REIT II re-classified 50,000,000 authorized but unissued shares each of the Company’s Class A and Class T common stock as Class I common stock. The Company’s board also approved amendments to the Company’s DRIP and Share Repurchase Program pertaining to Class I shares.
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