UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 25, 2016
Jones Lang LaSalle Income Property Trust, Inc.
(Exact name of registrant as specified in its charter)
Maryland | 000-51948 | 20-1432284 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS employer Identification No.) | ||
333 West Wacker Drive, Chicago, IL | 60606 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (312) 897-4000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 — Other Events.
Tax Treatment of Distributions
For the year ended December 31, 2015, we paid distributions to our stockholders of approximately $24,429,000. For income tax purposes, 100% of the distributions paid in 2015 will qualify as a nondividend distribution or return of capital. The distribution declared on November 5, 2015, payable on February 5, 2016, will be taxable in 2016 and is not reflected in the 2015 tax allocation.
The table below summarizes the income tax treatment of distributions paid to Class A stockholders during the year ended December 31, 2015:
Record Date | Payment Date | Net Distribution per share (1) | Ordinary Income | Capital Gain Income | Return of Capital | |||||||||||||||||||
12/30/2014 | 2/6/2015 | $ | 0.09345 | $ | — | — | % | $ | — | — | % | $ | 0.09345 | 100.00 | % | |||||||||
3/30/2015 | 5/1/2015 | 0.09447 | — | — | — | — | 0.09447 | 100.00 | ||||||||||||||||
6/29/2015 | 8/7/2015 | 0.09557 | — | — | — | — | 0.09557 | 100.00 | ||||||||||||||||
9/29/2015 | 11/6/2015 | 0.09501 | — | — | — | — | 0.09501 | 100.00 | ||||||||||||||||
Total | $ | 0.37850 | $ | — | — | % | $ | — | — | % | $ | 0.37850 | 100.00 | % | ||||||||||
(1) Distributions per share are net of dealer manager fees of 1.05% of net asset value. | ||||||||||||||||||||||||
The table below summarizes the income tax treatment of distributions paid to Class M stockholders during the year ended December 31, 2015:
Record Date | Payment Date | Net Distribution per share (2) | Ordinary Income | Capital Gain Income | Return of Capital | |||||||||||||||||||
12/30/2014 | 2/6/2015 | $ | 0.11190 | $ | — | — | % | $ | — | — | % | $ | 0.11190 | 100.00 | % | |||||||||
3/30/2015 | 5/1/2015 | 0.11209 | — | — | — | — | 0.11209 | 100.00 | ||||||||||||||||
6/29/2015 | 8/7/2015 | 0.11218 | — | — | — | — | 0.11218 | 100.00 | ||||||||||||||||
9/29/2015 | 11/6/2015 | 0.11203 | — | — | — | — | 0.11203 | 100.00 | ||||||||||||||||
Total | $ | 0.44820 | $ | — | — | % | $ | — | — | % | $ | 0.44820 | 100.00 | % | ||||||||||
(2) Distributions per share are net of dealer manager fees of 0.30% of net asset value. | ||||||||||||||||||||||||
The table below summarizes the income tax treatment of distributions paid to Class A-I stockholders during the year ended December 31, 2015:
Record Date | Payment Date | Total Distribution per share (3) | Ordinary Income | Capital Gain Income | Return of Capital | |||||||||||||||||||
12/30/2014 | 2/6/2015 | $ | 0.11255 | $ | — | — | % | $ | — | — | % | $ | 0.11255 | 100.00 | % | |||||||||
3/30/2015 | 5/1/2015 | 0.11223 | — | — | — | — | 0.11223 | 100.00 | ||||||||||||||||
6/29/2015 | 8/7/2015 | 0.11221 | — | — | — | — | 0.11221 | 100.00 | ||||||||||||||||
9/29/2015 | 11/6/2015 | 0.11209 | — | — | — | — | 0.11209 | 100.00 | ||||||||||||||||
Total | $ | 0.44908 | $ | — | — | % | $ | — | — | % | $ | 0.44908 | 100.00 | % | ||||||||||
(3) Distributions per share are net of dealer manager fees of 0.30% of net asset value. | ||||||||||||||||||||||||
The table below summarizes the income tax treatment of distributions paid to Class M-I stockholders during the year ended December 31, 2015:
Record Date | Payment Date | Total Distribution per share (4) | Ordinary Income | Capital Gain Income | Return of Capital | |||||||||||||||||||
12/30/2014 | 2/6/2015 | $ | 0.11897 | $ | — | — | % | $ | — | — | % | $ | 0.11897 | 100.00 | % | |||||||||
3/30/2015 | 5/1/2015 | 0.11935 | — | — | — | — | 0.11935 | 100.00 | ||||||||||||||||
6/29/2015 | 8/7/2015 | 0.11883 | — | — | — | — | 0.11883 | 100.00 | ||||||||||||||||
9/29/2015 | 11/6/2015 | 0.11877 | — | — | — | — | 0.11877 | 100.00 | ||||||||||||||||
Total | $ | 0.47592 | $ | — | — | % | $ | — | — | % | $ | 0.47592 | 100.00 | % | ||||||||||
(4) Distributions per share are net of dealer manager fees of 0.05% of net asset value. | ||||||||||||||||||||||||
Stockholders are advised to consult with their tax advisor about the specific tax treatment of distributions we paid.
SIGNATURES
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.
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.
By: /s/ GREGORY A. FALK
By: /s/ GREGORY A. FALK
Name: Gregory A. Falk
Title: Chief Financial Officer and Treasurer
Date: January 25, 2016