Jernigan Capital — Investor Presentation (February 2017)
6 slides from Jernigan Capital's investor presentation, Feb 9, 2017
Slide 1: Frequently Asked Questions about JCAP Dividends
1 Frequently Asked Questions about JCAP Dividends
Slide 2: Safe Harbor Disclosure Regarding Forward-Looking Statements
2 Safe Harbor Disclosure Regarding Forward - Looking Statements This presentation includes "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding our future performance, future profit
Slide 3: Common Stock Dividends
3 Common Stock Dividends Q: What common stock dividend is Jernigan Capital obligated to pay? A: As a REIT, we are required to pay dividends equal to at least 90% of our REIT taxable income. Q: Was Jernigan Capital obligated to pay a common stock dividend in the last two years? A: No, we had no taxab
Slide 4: Preferred Stock Dividends
4 Series A Preferred Stock Dividends Q: What is the Series A Preferred Stock and how much is outstanding? A: In July 2016, the Company and two funds (the "Highland Funds") managed by Highland Capital Management ("Highland Capital") entered into a stock purchase agreement pursuant to which we may fro
Slide 5: Details on Dividend
5 Details on Series A PIK Dividend Q: What was the Series A PIK Dividend for the quarter ended December 31, 2016? A: The Company first issued Series A Preferred Stock in October 2016. The Series A PIK Dividend for the quarter ended December 31, 2016 is equal to 25% of the incremental book value incr
Slide 6: Details on Dividend (continued)
Details on Series A PIK Dividend (continued) Q: How is the 14% cap on Series A Preferred Stock dividends calculated? A: Series A Cash Dividends and Series A PIK Dividends as of any dividend payment date shall not exceed an amount which would pro duc e a 14% internal rate of return ("IRR") on the agg
Jernigan Capital — Investor Presentation (February 2017) on 6ix