MEMPHIS, Tenn. -- (Business Wire)

Jernigan Capital, Inc. (the “Company”) (NYSE: JCAP) announced today the taxable composition of its 2017 distributions paid to shareholders on its common 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 2017. The classifications for 2017 are as follows:

This release is based on the preliminary work the Company has performed on its filings and is subject to correction or adjustment based on the completion of those filings. The Company is releasing information at this time to aid those required to distribute 1099s on the Company’s dividends. No material change in the taxable composition is expected. The fourth quarter 2017 distribution made to shareholders of record as of January 2, 2018 is considered a 2018 distribution for federal income tax purposes.

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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and those set forth in the Company’s other reports and information filed with the Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov.

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Contacts:

Jernigan Capital, Inc.
Investor Relations: (901) 567-9580
Investorrelations@jernigancapital.com

Source: Jernigan Capital, Inc.