Press Release

22nd Consecutive Dividend Press Release

May 9, 2017

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on May 9, 2017, its Board of Directors declared a regular quarterly dividend of $0.125 per share for the second quarter of 2017. JLL Income Property Trust has declared twenty-two consecutive quarterly dividends to its stockholders beginning with the first quarter of 2012.

The dividend is payable on or around August 1, 2017, to stockholders of record on June 29, 2017. On an annualized basis, this gross dividend is equivalent to $0.50 per share and represents a yield of approximately 4.4 percent on a NAV per share of $11.38 as of May 10, 2017. All stockholders will receive $0.125 per share less applicable share class-specific fees, and the annualized yield will differ based on the share class.
"We are pleased that the continued success of our operations has allowed us to increase our dividend payment to shareholders by 4.2 percent compared to the second quarter of 2016 while also maintaining a strong dividend coverage ratio," commented Allan Swaringen, President and CEO of JLL Income Property Trust.
A first quarter dividend of $0.125 per share, less applicable share class-specific fees, was paid according to the table below on May 1, 2017, to stockholders of record as of the close of business on March 30, 2017.


M-I Share1A-I Share2M Share3A Share4
Q1 Quarterly Gross Dividend per Share$0.12500$0.12500$0.12500$0.12500
Less: Dealer Manager Fee per Share($0.00134)($0.00814)($0.00816)($0.02801)
Q1 Quarterly Net Dividend per Share$0.12366$0.11686$0.11684$0.09699
NAV per Share as of December 30, 2016$11.35$11.34$11.34$11.31
Annualized Net Dividend Yield Based on NAV as of March 31, 20174.4%4.1%4.1%3.4%


  1. A dealer manager fee equal to 1/365th of 0.05% of NAV is allocated to Class M-I stockholders daily and reduces the quarterly dividend paid.
  2. A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class A-I stockholders daily and reduces the quarterly dividend paid.
  3. A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class M stockholders daily and reduces the quarterly dividend paid.
  4. A dealer manager fee equal to 1/365th of 1.05% of NAV is allocated to Class A stockholders daily and reduces the quarterly dividend paid.