KBS REAL ESTATE INVESTMENT TRUST III, INC. ITEM 8.01 OTHER EVENTS
Distributions Declared
On
Cancellation of All Unsatisfied Ordinary Redemption Requests for Calendar Year 2022
As previously disclosed, as of
Ordinary Redemptions are all redemptions other than those that qualify for the
special provisions for redemptions sought in connection with a stockholder's
death, "Qualifying Disability" or "Determination of Incompetence" (each as
defined in the share redemption program and, together, "Special Redemptions").
As of
The Company's board of directors may amend, suspend, or terminate the share
redemption program upon ten business days' notice. There are several limitations
on the Company's ability to redeem shares under the share redemption program.
The complete share redemption program document is filed as an exhibit to the
Company's Current Report on Form 8-K filed with the
Forward-Looking Statements
The foregoing includes forward-looking statements within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. The Company intends
that such forward-looking statements be subject to the safe harbors created by
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements include statements
regarding the intent, belief or current expectations of the Company and members
of its management team, as well as the assumptions on which such statements are
based, and generally are identified by the use of words such as "may," "will,"
"seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends,"
"should" or similar expressions. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
they are made. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over time, unless
required by law. Such statements are subject to known and unknown risks and
uncertainties which could cause actual results to differ materially from those
contemplated by such forward-looking statements. The Company makes no
representation or warranty (express or implied) about the accuracy of any such
forward-looking statements. These statements are based on a number of
assumptions involving the judgment of management. The Company cannot predict
future redemption demand with any certainty. If future redemption requests
exceed the redemption limitations under the Company's share redemption program,
the number of rejected redemption requests will increase over time. Stockholders
may have to hold their shares an indefinite period of time. The Company can
provide no assurance that it will be able to provide additional liquidity to
stockholders. These statements also depend on factors such as: future economic,
competitive and market conditions; the Company's ability to maintain occupancy
levels and rental rates at its real estate properties; and other risks
identified in Part I, Item 1A of the Company's Annual Report on Form 10-K for
the year ended
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