Distribution History

The table below provides information on the distributions paid by Black Creek Industrial REIT IV since the beginning of the fourth quarter of 2017.

 Gross Distributions per Share 1  Annualized Yield-Net of Distribution Fees
Based on Public Offering Price Per Share at Month End 5
Month Pay Date T Share 2 W Share 3 I Share 4 T Share 2 W Share 3 I Share 4
2018
May 06/01/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
April 05/01/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
March 04/02/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
 February 03/01/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
 January 02/01/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
2017
 December 01/02/2018 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
 November 12/01/2017 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%
 October 11/02/2017 $0.0454 $0.0454 $0.0454 4.25% 4.95% 5.45%

1The 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 nine months ended September 30, 2017 and for the year ended December 31, 2016, 100.0% of our total gross distributions were funded from sources other than cash flows from operating activities, as determined on a GAAP basis. Specifically, for the nine months ended September 30, 2017 and for the year ended December 31, 2016, 69.4% and 67.6%, respectively, of BCI IV’s total gross distributions were paid from cash provided by expense support from BCI IV’s advisor and 30.6% and 32.4% were funded with proceeds from the issuance of shares under BCI IV’s distribution reinvestment plan.

2 Amount represents the gross monthly distribution rate before annual distribution fees that are payable monthly with respect to Class T Shares and Class W Shares. 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.

3 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.

4 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.

5 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.