Modiv declares $0.09583/month dividend (7.9% yield) and plans in-kind distribution of GIPR shares

MODIV INDUSTRIAL, INC.

Regular monthly cash dividend of $0.09583/share for Oct, Nov, Dec 2023; annualized rate $1.15.
Dividend yield of 7.9% based on MDV closing price of $14.56 on Oct 16, 2023.
May receive 2.2M-3.0M GIPR common shares in redemption of Series A Preferred from 13-property sale.
Intends to distribute GIPR shares in-kind to MDV shareholders as early as Jan 2024, subject to lender approval.
CEO notes 87 consecutive monthly dividends exceeding $60M total; dividend coverage ratio >110%.

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