On February 8, 2019, Gerald W. Grupe discussed with Kite Realty Group Trust (company) his retirement from the Board of Trustees of the company, effective as of the end of his current term at the 2019 annual meeting of shareholders on May 14, 2019. As a result of his retirement, Mr. Grupe will not stand for reelection to the Board at the 2019 annual meeting of shareholders, and the Board has determined to reduce the size of the Board from nine to eight members for trustee elections in 2019.

The company also announced that its board of Trustees declared a quarterly cash distribution of $0.3175 per common share for the quarter ended March 31, 2019. This distribution will be paid on or about March 29, 2019, to shareholders of record as of March 22, 2019.