- While our goal is to pay distributions from our cash flow from operations, we may not generate sufficient cash flow (i) until the proceeds from this offering are fully invested and (ii) from time to time during the operational stage. In addition, we can provide no assurances that future cash flow will support payment of distributions or maintaining distributions at any particular level or at all. At the discretion of our Manager, we may use other sources to fund distributions. Until the proceeds from our public offering are invested and generating operating cash flow, some or all of our distributions may be paid from other sources, including the net proceeds of this offering, cash advances by our Manager, borrowings in anticipation of future operating cash flow and the issuance of additional securities. Once we begin to make distributions, we expect that dividends declared by our Manager will be made on a quarterly basis, or less frequently as determined by our Manager. Any distributions we make will be at the discretion of our Manager, and will be based on, among other factors, our present and reasonably projected future cash flow.
- You can find more detail about our anticipated distributions on pages ix, 8 and 70 in the Offering Circular.
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