KBS Real Estate Investment Trust III

Notes/Supplemental Information: 

Note - In December 2019, the share price was revalued from $12.02/share to $12.45/share, excluding the effect of a special dividend of $0.80/share to be paid in December 2019 payable in either shares of common stock of the Company or cash to, and at the election of, the stockholders.  Additionally, in the calendar month preceding the dividend payment made in January 2019, each calendar day was a date of record.  Subsequently, the REIT adopted a single record date starting with dividend payments made in February 2019 forward.

This spreadsheet and the accompanying instructions do not constitute, and should not be considered a substitute for, legal advice. The rules governing the proper tax characterization of distributions by REITs can be complex. Each REIT should consult its own tax advisor regarding the proper tax characterization and reporting of the REIT’s distributions.