Dividend Reinvestment Plan
The Dakota REIT offers to its shareholders, the opportunity to reinvest their cash dividend of additional shares of The Dakota REIT. The shares purchased under Dividend Reinvestment Plan (the "Plan") will be discounted from the current public offering price by 10%.
A shareholder may join the Plan at any time. The initial Subscription Agreement will give the Subscriber the option to choose dividends paid in cash or reinvested shares. Subsequently, a shareholder may opt out of the Plan and choose dividends paid in cash, or a portion of the dividend paid in additional shares and a portion in cash. A shareholder may change his/her Plan status at any time, by signing an Shareholder Change Form. The Shareholder Change Form may be obtained by writing: Dakota REIT Management LLC, 3003 32nd Avenue South, Suite 250, Fargo, ND 58103 or by calling at (701) 239-6879.
The Board of Trustees declares a date of record which determines the recipients for the quarerly dividend to be paid. This is the Date of Dividend Declaration. The reinvestment of dividends will be made on the dividend payment date within ten (10) days after the Date of Dividend Declaration.
A shareholder statement will be mailed to each shareholder quarterly detailing the amount of dividends declared, the number of shares purchased, and the cumulative transactions for the year. Annually, each reportable shareholder will receive an IRS Form 1099-Div stating income dividend for the year for tax reporting purposes.
Shareholders will pay no broker fees to be part of the Plan. Also, The Dakota REIT will not charge a fee in administering the Plan.