On October 17, 2023, Modiv Industrial, Inc. declared monthly distributions on the Company?s Class C common stock, $0.001 par value per share for October, November and December 2023. On October 10, 2023, the Board authorized and the Company declared a distribution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on October 31, 2023 (October Dividend). The October Dividend will be payable on or about November 27, 2023.

Also, on October 10, 2023, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on November 30, 2023 (November Dividend). The November Dividend will be payable on or about December 26, 2023. Also, on October 10, 2023, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on December 29, 2023 (December Dividend).

The December Dividend will be payable on or about January 25, 2024. The per share monthly distribution rate of $0.09583 per share of Common Stock is equivalent to an annualized rate of $1.15 per share and consistent with the annualized dividend rate paid since October 1, 2021.