Jernigan Capital, Inc. Announces Taxable Composition of 2019 Distributions

MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (the “Company”) (NYSE: JCAP) announced today the taxable composition of its 2019 distributions paid to shareholders on its common stock and Series B preferred stock. The amount of distribution referred to as return of capital is considered by US tax law to be a return of invested capital and is not currently taxable to the extent of shareholder basis. Shareholders are advised to consult with their tax advisors with respect to the individual consequences of the distributions. The composition presented is applicable to all dividend distributions during 2019. The classifications for 2019 are as follows: