Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 225

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 5
Chunk 225
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 record date for distributions during the period from January 1, 2023 through June 30, 2023, distributions were calculated at a rate of $0.03833333 per share.  

The tax composition of our distributions declared for the year ended 2023 was as follows:

2023Ordinary Income— %Capital Gain— %Return of Capital100 %Total100 %

Use of Proceeds from Sales of Registered Securities and Unregistered Sales of Equity Securities

During the year ended December 31, 2024, we did not sell any equity securities that were not registered under the Securities Act of 1933.

Amended and Restated Share Redemption Program

Due to certain restrictions and covenants included in our loan agreements as a result of refinancing certain of our debt facilities, we do not expect to redeem any shares of common stock until certain loans are repaid or refinanced. One of the loans with these restrictions has a current maturity of January 2027 but may be extended subject to the terms and conditions of the loan agreement.  As a result, on March 15, 2024, our board of directors terminated our share redemption program.  We did not redeem or repurchase any shares of our common stock during the year ended December 31, 2024