Nuveen Global Cities REIT Announces January Distributions
The company declared distributions with varying net amounts based on advisory and servicing fees for different stock classes.
January 24, 2025
Nuveen Global Cities REIT Declares Distributions for January
Nuveen Global Cities REIT, Inc. has announced its latest distribution details for investors holding different classes of its common stock. The declared distributions, set for stockholders of record as of December 30, 2024, will be paid out on or around January 23, 2025. These payments can be received in cash or reinvested through the company’s distribution reinvestment plan.
The gross distribution per share across all stock classes stands at $0.06519859, but net amounts vary after deductions for advisory and stockholder servicing fees. Investors in Class N Common Stock will receive the highest net distribution at $0.05882224, while Class T Common Stock holders will receive $0.04499234 per share, the lowest among the stock classes due to higher fees.
Advisory fees applied to each stock class range between approximately $0.0064 and $0.0118 per share, while stockholder servicing fees impact certain classes more significantly than others. Class I and Class N shares do not have stockholder servicing fees, leading to higher net distributions. Meanwhile, Class D shares are subject to a lower servicing fee compared to Class T and Class S shares, allowing for a higher net distribution than those two classes.
This latest announcement reflects Nuveen Global Cities REIT’s ongoing distribution strategy, balancing gross payouts with management fees and servicing costs across various investor categories. As an entity operating under the real estate investment trust structure, the company remains committed to providing returns to its shareholders through both cash payments and reinvestment options.
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