We are pleased to announce that following the completion of the asset sale between IPT and affiliates of Prologis, Inc. in January 2020, the sale of IPT’s remaining investments to Black Creek Industrial REIT IV Inc. in July 2020, we have now completed the last step in the full cycle of the portfolio. For more information regarding the July 2020 transaction please see the below resources:

Shareholder Letter Form 8-K

Important Tax Mailing Dates

Please note the Asset Sale is taxable in year 2020

FormAccount typeWhat it reportsMailed on or before
1099-BTaxableProceeds from a redemption of shares
February 15
1099-DIVTaxableDividends and capital gain distributionsJanuary 31

To obtain historical 1099 forms or transaction history, please log in to your account. If you are unable to access these documents, please reach out to our Shareholder Operations Team by phone 888.310.9352 or email operations@blackcreekgroup.com. Please allow 24 hours for a response via email.

Supplemental Tax Information

Supplemental tax information is provided below. The tax character of historical distributions as a percent of each total distribution is shown in the table below for each of the funds. To access your specific tax forms, please log in to your account.

Tax Forms

Form 1099-DIV

What does it report?

Form 1099-DIV reports dividends (ordinary and qualified) and capital gains from taxable accounts, regardless of whether they are paid in cash or reinvested.

Each distribution type will be listed separately. This information can then be used to identify how you will be taxed. Ordinary dividends are generally taxed at your ordinary-income tax rate. Qualified dividends and capital gains may be taxed at the long-term capital gains rate, which is typically lower than the ordinary income rate.

The Special Distribution and Liquidating Distribution is reportable on Form 1099-DIV in box 9.

To assist investors that IPT does not produce a Form 1099-DIV IPT created a Estimated Return and Realized Gain Calculator which can be found here.

To assist investors that IPT produces a Form 1099-DIV, IPT created an estimated cost basis and realized gain from Industrial Property Trust’s (IPT) Special Distribution paid in January of 2020 and the Liquidating Distribution paid in July 2020. The Special and Liquidating Distributions are reportable as a Liquidating Distribution in box 9 on Form 1099-DIV which will be received in a separate envelope from Form 1099-DIV. This information is being provided to assist you in estimating your taxable gain. However, IPT does not provide tax advice nor does IPT determine and report your taxable gain to the Internal Revenue Service. Please consult with your tax advisor regarding your individual tax circumstances and to determine your realized gain.

1099-DIVBox 1a Box 2a* Box 2b* Box 3 Box 5a** Distributions
YearOrdinary DividendCapital Gain DistributionsUncaptured SEC 1250 Gain
Nondividend DistributionsSection 199A DividendsDate Paid
20200.00% 100.00% 15.75% 0.00% 0.00% 1/8/2020

*Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is include in, the Total Capital Gain Distributions reported in Box 2a. Each percentage in the schedule, including Box 2b, should be applied to the total distributions for the respective tax year.
**The amount reported in Box 5a is included in the amount reported in Box 1a. Additional information can be found here.


Form 1099-B

What does it report?

Form 1099-B reports net proceeds from the sale of shares through the share redemption program in taxable accounts.

These proceeds are categorized by short-term gains, long-term gains, or losses. Short-term gains are generally taxed at your ordinary income rate and long-term gains at the long-term capital gains rate which is typically lower than the ordinary-income tax rate.

What else should I know?

This form may report cost basis, gains and losses and other information to report the sale or exchange of shares. If your cost basis is not reported on this form, it is recommended you provide it to the IRS.

If you sold shares in a taxable account during the tax year, such a transaction will be reported on Form 1099-B. If shares are “covered securities” as defined in Internal Revenue Code Section 6045, the cost basis and corresponding gain or loss is reported. If all or any of your shares are “uncovered securities”, which are generally shares purchased prior to January 2011, you are responsible for calculating the specific taxable gain or loss resulting from the total proceeds reported on Form 1099-B. Please consult a tax professional for guidance.


Industrial Property Trust Inc. Historic 1099-DIV Allocations

1099-DIV Box 1a Box 2a* Box 2b* Box 3 Box 5a** Distributions
YearOrdinary DividendCapital Gain DistributionsUnrecaptured SEC 1250 GainNondividend DistributionsSection 199A DividendsDate Paid
20200.00%100.00%15.75%0.00%0.00%1/8/2020
2019 36.34% 3.83% 1.62% 59.83% 36.34% 01/04/19 04/04/19 07/02/19 10/04/19
201833.53% 5.92% 1.80% 60.55% 33.53% 01/05/18 04/02/18 07/02/18 10/04/18
201733.05% 14.85% 31.56% 52.10% 01/05/17 04/05/17 07/06/17 10/06/17
201629.13% 0.00% 0.00% 70.87% 01/15/16 04/04/16 07/05/16 10/05/16
201571.88% 0.00% 0.00% 28.12% 04/15/15 07/02/15 10/15/15
2014100.0% 0.00% 0.00% 0.00% 01/15/14 04/15/14 07/15/14 10/15/14 01/15/15

*Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in Box 2a. Each percentage in the schedule, including Box 2b, should be applied to the total distributions for the respective tax year.
**The amount reported in Box 5a is included in the amount reported in Box 1a. Additional information can be found here.

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