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EX-99.1 - EXHIBIT 99.1 - Jones Lang LaSalle Income Property Trust, Inc.exhibit991.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported) April 3, 2018
Jones Lang LaSalle Income Property Trust, Inc.

(Exact name of registrant as specified in its charter)
Maryland
 
000-51948
 
20-1432284
 
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS employer
Identification No.)
 
 
 
 
 
 
 
333 West Wacker Drive, Chicago, IL
 
60606
 
 
(Address of principal executive offices)
 
(Zip Code)
 
 
 
 
 
 
 
Registrant’s telephone number, including area code: (312) 897-4000
 
 
N/A
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.











Item 7.01 - Regulation FD Disclosure.

On April 3, 2018, JLL Income Property Trust issued a press release announcing the reduction of fees on two of its publicly available share classes. Dealer manager fees on its Class A shares were reduced by 19 percent - from 1.05 percent to 0.85 percent of Net Asset Value. Dealer manager fees on its Class M-I shares were eliminated completely - from 0.05 percent to zero percent of Net Asset Value. As dealer manager fees are deducted quarterly from dividends paid to stockholders, these reductions in share class specific expenses effectively result in a comparable 5.9 percent increase in any future dividends paid to Class A stockholders and a 1.1 percent increase for Class M-I stockholders.
The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in this Current Report is furnished pursuant to Item 7 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description
Press release issued by JLL Income Property Trust on April 3, 2018 announcing the reduction of fees on two of its publicly available share classes.





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.
 
 
By:
/s/ Gregory A. Falk
 
 
 
Name: Gregory A. Falk
 
 
 
Title: Chief Financial Officer and Treasurer
 
 

Date: April 5, 2018





EXHIBIT INDEX

Exhibit Number
Description
99.1
Press release issued by JLL Income Property Trust on April 3, 2018 announcing the reduction of fees on two of its publicly available share classes.