InPoint Commercial Real Estate Income Files 8-K on Jan 23

TL;DR

**InPoint Commercial Real Estate Income filed an 8-K, confirming its corporate details and NYSE listing for its preferred stock.**

AI Summary

InPoint Commercial Real Estate Income, Inc. filed an 8-K on January 23, 2024, to report an "Other Event." This filing primarily serves to update administrative details, such as confirming its status as a Maryland corporation with its principal executive offices at 2901 Butterfield Road, Oak Brook, Illinois. It also reiterates that its 6.75% Series A Cumulative Redeemable Preferred Stock, trading under the symbol ICR PR A, is registered on the New York Stock Exchange. This matters to investors as it confirms the company's current registration and listing details, providing transparency on its publicly traded securities.

Why It Matters

This filing confirms InPoint Commercial Real Estate Income, Inc.'s current corporate and listing information, which is important for investors to verify the company's public status and the exchange where its preferred stock trades.

Risk Assessment

Risk Level: low — This 8-K filing is purely administrative and does not disclose any new material events that would impact the company's financial health or operations.

Analyst Insight

Investors should note this filing confirms the administrative details and listing of InPoint Commercial Real Estate Income, Inc.'s preferred stock. No immediate action is required based on this routine update, but it serves as a good opportunity to verify current company information.

Key Numbers

• 001-40833 — Commission File Number (identifies the company's registration with the SEC)
• 32-0506267 — IRS Employer Identification No. (identifies the company for tax purposes)
• 6.75% — Preferred Stock Dividend Rate (the dividend yield for the Series A Cumulative Redeemable Preferred Stock)
• $0.001 — par value per share (the nominal value of each share of preferred stock)

Key Players & Entities

• InPoint Commercial Real Estate Income, Inc. (company) — the registrant filing the 8-K
• Maryland (company) — state of incorporation for InPoint Commercial Real Estate Income, Inc.
• New York Stock Exchange (company) — exchange where InPoint's preferred stock is registered
• 6.75% Series A Cumulative Redeemable Preferred Stock (company) — class of securities registered by InPoint
• ICR PR A (company) — trading symbol for InPoint's preferred stock
• January 23, 2024 (dollar_amount) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.001 — e Redeemable Preferred Stock, par value $0.001 per share ICR PR A New York Stock E
• $12.6 million — ock cash distributions of approximately $12.6 million and preferred stock cash distributions
• $6.0 million — ock cash distributions of approximately $6.0 million. For income tax purposes for the common

Filing Documents

• ck0001690012-20240123.htm (8-K) — 372KB
• 0000950170-24-006509.txt ( ) — 493KB
• ck0001690012-20240123.xsd (EX-101.SCH) — 25KB
• ck0001690012-20240123_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. For the year ended December 31, 2023, InPoint Commercial Real Estate Income, Inc. (the Company) paid common stock cash distributions of approximately $12.6 million and preferred stock cash distributions of approximately $6.0 million. For income tax purposes for the common stock distributions, 53.2% were treated as ordinary dividends and 46.8% were treated as nondividend distributions (which are treated for income tax purposes as a return of capital to the extent of a stockholder's basis in its shares and thereafter as capital gain). For income tax purposes for the preferred stock distributions, all of the distributions were treated as ordinary dividends. The following table denotes the nature of the Company's monthly cash distributions paid in 2023 for income tax purposes only. Stockholders are advised to consult with their tax advisors about the specific tax treatment of distributions paid by the Company in 2023. All amounts are stated in dollars per share. Record Date(s) Distribution Payment Date Total Cash Distributions Ordinary Dividend Capital Gain Nondividend Distributions Class P Common Stock: December 31, 2022 January 19, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 January 31, 2023 February 21, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 February 28, 2023 March 17, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 March 31, 2023 April 18, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 April 30, 2023 May 17, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 May 31, 2023 June 20, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 June 30, 2023 July 17, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 July 31, 2023 August 17, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 August 31, 2023 September 19, 2023 $ 0.1042 $ 0.0555 $ — $ 0.0487 September 30, 2023 October 18, 2023

View Full Filing

View this 8-K filing on SEC EDGAR