Modiv Industrial, Inc. Files 8-K with Corporate Updates

TL;DR

Modiv Industrial (MDV) filed an 8-K updating corporate info, including past names like Rich Uncles NNN REIT.

AI Summary

Modiv Industrial, Inc. filed an 8-K on May 22, 2024, reporting on other events and financial statements. The filing details the company's corporate structure and historical name changes, including its previous identities as Modiv Inc., RW Holdings NNN REIT, Inc., and Rich Uncles NNN REIT, Inc. The company is incorporated in Maryland and its fiscal year ends on December 31.

Why It Matters

This filing provides essential background information on Modiv Industrial's corporate history and structure, which is important for understanding its current operations and any future strategic moves.

Risk Assessment

Risk Level: low — The filing is primarily informational, detailing corporate history and structure without announcing new material events or financial performance.

Key Players & Entities

• Modiv Industrial, Inc. (company) — Registrant
• Modiv Inc. (company) — Former company name
• RW Holdings NNN REIT, Inc. (company) — Former company name
• Rich Uncles NNN REIT, Inc. (company) — Former company name
• May 22, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.001 — which registered Class C Common Stock, $0.001 par value per share MDV New York Stoc
• $921,875 — dend on the Series A Preferred Stock of $921,875 for the second quarter of 2024, which w
• $0.4609375 — f 2024, which will be paid at a rate of $0.4609375 per share on July 15, 2024 (the "Second
• $0.09583 — ution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will b
• $1.15 — is equivalent to an annualized rate of $1.15 per share and consistent with the annua

Filing Documents

• cik0001645873-20240522.htm (8-K) — 41KB
• modivreit-20240522x_ex991x.htm (EX-99.1) — 8KB
• 0001645873-24-000085.txt ( ) — 212KB
• cik0001645873-20240522.xsd (EX-101.SCH) — 2KB
• cik0001645873-20240522_def.xml (EX-101.DEF) — 15KB
• cik0001645873-20240522_lab.xml (EX-101.LAB) — 27KB
• cik0001645873-20240522_pre.xml (EX-101.PRE) — 16KB
• cik0001645873-20240522_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Press Release On May 22, 2024, Modiv Industrial, Inc. (the "Company"), issued a press release announcing (i) the declaration of a quarterly dividend for the second quarter of 2024 on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), and (ii) the declaration of monthly distributions on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for July, August and September 2024, a copy of which is attached hereto as Exhibit 99.1. The information set forth in Item 7.01 of this Current Report on Form 8-K and in the attached Exhibit 99.1 is deemed to be "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information set forth in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.

01. Other Events

Item 8.01. Other Events. Series A Preferred Stock Dividend Declared On May 1, 2024, the Company's Board of Directors (the "Board") authorized and the Company declared a dividend on the Series A Preferred Stock of $921,875 for the second quarter of 2024, which will be paid at a rate of $0.4609375 per share on July 15, 2024 (the "Second Quarter Dividend"). The Second Quarter Dividend will be payable to holders of record of the Company's Series A Preferred Stock as of the close of business on June 28, 2024. Monthly Distributions for Common Stock Declared On May 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on July 31, 2024 (the "July Dividend"). The July Dividend will be payable on or about August 26, 2024. Also, on May 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on August 30, 2024 (the "August Dividend"). The August Dividend will be payable on or about September 25, 2024. Also, on May 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on September 30, 2024 (the "September Dividend"). The September Dividend will be payable on or about October 25, 2024. The per share monthly distribution rate of $0.09583 per share of Common Stock is equivalent to an annualized rate of $1.15 per share and consistent with the annualized dividend rate paid since October 1, 2021. Safe Harbor Statement There is no guarantee that the Company's Board will authorize, or that the Company will declare, additional dividends in the future, a

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Modiv Industrial, Inc. Press Release dated Ma y 22 , 2024 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE 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. MODIV INDUSTRIAL, INC. (Registrant) By: /s/ RAYMOND J. PACINI Name: Raymond J. Pacini Title: Chief Financial Officer Date: May 22, 2024

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View this 8-K filing on SEC EDGAR