Jernigan Capital Announces Dividends for First Quarter 2018

MEMPHIS, TENN.--(BUSINESS WIRE)-- Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that its Board of Directors declared a pro rata cash dividend on its Series B Preferred Stock for the period from, and including, the original issue date of January 26, 2018, to, but excluding, April 13, 2018, in the amount of $0.37431 per share. The dividend is payable on April 13, 2018 to holders of Series B Preferred Stock of record on April 2, 2018.

The Company’s Board of Directors also declared a cash dividend of $0.35 per share of common stock for the quarter ending March 31, 2018. The dividend is payable on April 13, 2018 to stockholders of record on April 2, 2018.

About Jernigan Capital, Inc.

Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value. The Jernigan Capital team has extensive experience in over 100 U.S. markets—from acquiring and managing self-storage properties to new self-storage development—providing JCAP with knowledge unmatched by any lender, broker or advisor to the sector. Jernigan Capital is the only source of construction and development capital focused solely on the self-storage sector.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The ultimate occurrence of events and results referenced in these forward-looking statements is subject to known and unknown risks and uncertainties, many of which are beyond our control. These forward-looking statements are based upon the Company's present intentions and expectations, but the events and results referenced in these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For a discussion of these and other risks facing our business, see the information under the heading “Risk Factors” in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and our other filings with the SEC from time to time, which are accessible on the SEC’s website at www.sec.gov.

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Jernigan Capital, Inc.
Investor Relations: (901) 567-9580

Source: Jernigan Capital, Inc.