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JLL Income Property Trust Declares 17th Consecutive Quarterly Dividend

March 30, 2016

March 22, 2016 8:55 AM | Yahoo Finance

CHICAGO, IL–(Marketwired – Mar 22, 2016) – JLL Income Property Trust (the “Company”), an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), announced that on March 8, 2016 its board of directors declared a regular quarterly dividend of $0.12 per share for the first quarter 2016. The Company has paid seventeen consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.

The dividend is payable on or around May 2, 2016 to stockholders of record on March 30, 2016. On an annualized basis, this gross dividend is equivalent to $0.48 per share and represents a yield of approximately 4.2% on a NAV per share of $11.30 as of March 14, 2016. All stockholders will receive $0.12 per share less applicable share class specific fees and the annualized yield will differ based on the share class.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.