Distribution History

The table below provides information on the distributions paid by Black Creek Industrial REIT IV since inception.1

 Net Distributions per Share 2  Annualized Yield-Net of Distribution Fees
Based on Public Offering Price Per Share at Month End 6
Month Pay Date T Share 3 W Share 4 I Share 5 T Share 3 W Share 4 I Share 5
2019
October 11/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
September 10/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
August 09/03/2019 $0.037 $0.041 $0.045 4.23% 4.93% 5.43%
July 08/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
June 07/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
May 06/03/2019 $0.037 $0.041 $0.045 4.23% 4.92% 5.42%
April 05/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
March 04/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
February 03/01/2019 $0.038 $0.042 $0.045 4.22% 4.92% 5.42%
January 02/01/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
2018
December 01/02/2019 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
November 12/03/2018 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
October 11/01/2018 $0.037 $0.041 $0.045 4.22% 4.92% 5.42%
September 10/01/2018 $0.037 $0.042 $0.045 4.23% 4.92% 5.42%
August 09/04/2018 $0.037 $0.043 $0.045 4.24% 4.94% 5.44%
July 08/01/2018 $0.037 $0.044 $0.045 4.24% 4.94% 5.44%
June 07/02/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
May 06/01/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
April 05/01/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
March 04/02/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
 February 03/01/2018 $0.038 N/A $0.045 4.25% 4.95% 5.45%
 January 02/01/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
2017
 December 01/02/2018 $0.037 N/A $0.045 4.25% 4.95% 5.45%
 November 12/01/2017 $0.037 N/A $0.045 4.25% 4.95% 5.45%

1 Inception is the date shares of BCI IV’s common stock were first issued to third-party investors in its initial public offering. Class T Shares and Class I Shares inception date is November 1, 2017. Class W Shares inception date is July 2, 2018.

2 The amount of distributions BCI IV may make is uncertain, is not guaranteed, may be modified at the program’s discretion, and is subject to board approval. Substantial fees and expenses will be paid to BCI IV’s advisor, dealer manager and other affiliates of BCI IV’s sponsor for services they provide to BCI IV in connection with the offering and the operation of BCI IV’s business and the acquisition, management and disposition of BCI IV’s investments. Distributions may be paid from sources other than cash flow from operations. Distributions to stockholders may represent a return of capital. For the six months ended June 30, 2019, approximately 9.2% of our total gross distributions were paid from cash flows from operating activities, as determined on a GAAP basis, and 90.8% of our total gross distributions were funded from sources other than cash flows from operating actives, as determined on a GAAP basis, specifically 41.5% of our total gross distributions were paid from cash provided by expense support from BCI IV’s advisor, and 49.3% of our total gross distributions were funded with proceeds from shares issued pursuant to our distributions reinvestment plan. For the year ended December 31, 2018, 100% of our total gross distributions were funded from sources other than cash flows from operating activities, as determined on a GAAP basis, specifically 51.9% of our total gross distributions were paid from cash provided by expense support from BCI IV’s advisor, and 48.1% were funded with proceeds from the issuance of shares under our distribution reinvestment plan.

3 With respect to the Class T Share, BCI IV pays an up-front selling commission of up to 2.00% and an up-front dealer manager fee of up to 2.50%. The up-front selling commission and dealer manager fee are each a percentage of the public offering price (“POP”), which is equal to the transaction price plus the up-front selling commission and dealer manager fee. The transaction price generally will be the most recently disclosed monthly net asset value (“NAV”) per share for such class of shares sold in the primary offering. BCI IV also pays an ongoing distribution fee that accrues monthly at an annualized rate of 1.00% of BCI IV’s NAV per Class T Share for such month on a continuous basis. These expenses are allocated to all Class T shares and reduce the distributions otherwise payable to all Class T stockholders.

4 With respect to the Class W Share, BCI IV pays no up-front selling commission and no up-front dealer manager fee. BCI IV pays an ongoing distribution fee that accrues monthly at an annualized rate of 0.50% of BCI IV’s NAV per Class W Share for such month on a continuous basis. These expenses are allocated to all Class W shares and reduce the distributions otherwise payable to all Class W stockholders.

5 With respect to the Class I Share, BCI IV pays no up-front selling commission, no up-front dealer manager fee and no ongoing distribution fee.

6 Amount represents the net annualized distribution rate which is calculated as the gross annualized distribution rate less annual distribution fees that are payable monthly with respect to Class T Shares and Class W Shares. For the periods presented, BCI IV’s board of directors authorized monthly cash distributions to all common stockholders of record as of close of business on the last business day of each month at a monthly rate of $0.0454 per share, less the respective annual distribution fees that are payable monthly with respect to Class T shares and Class W shares. The actual net annualized distribution rate for a particular stockholder will vary based on the NAV and the actual amount of distribution fees payable, as applicable, at any point in time.