Distributions Historical Breakdown Distributions to stockholders are characterized for federal income tax purposes as: (i) ordinary income; (ii) non-taxable return of capital; or (iii) long-term capital gain.Distributions that exceed the Company’s current and accumulated tax earnings and profits constitute a return of capital and reduce the stockholders’ basis in the common shares.

(“IIT” or “the Company”) completed a merger with an affiliate of Global Logistic Properties Limited (“GLP”), in an all cash transaction valued at approximately US$4.55 billion, subject to certain transaction costs.

As a result of this transaction investors previously received: Investors in taxable accounts will be responsible for determining their own specific taxable gain or loss resulting from the total proceeds reported on 1099-DIV.

Investors in taxable accounts must determine their cost basis in their IIT shares by subtracting all return of capital historically reported to them on Form 1099-DIV from the total gross purchase amount for their IIT shares, including any share purchases made pursuant to IIT’s distribution reinvestment plan.

Investors should consult their tax advisor regarding their individual circumstances and to determine their required tax reporting.

The following table summarizes the information reported to investors regarding the taxability of distributions on common shares for the years ended December 31, 2015, 2014, 2013, 2012, 20.

Liquidating Trust Taxable Income With respect to the Liquidating Trust, if an investor’s units are held in a taxable account, this information should be used in determining the investor’s 2015 taxable income.

If an investor’s units are held in a tax-exempt or qualified account, the investor should send a copy of the Grantor Letter (include all pages) to the trustee of the investor’s account.

The trustee will need this information to prepare the investor’s annual statement.

Tax-exempt or qualified accounts include Individual Retirement Accounts (IRAs) and other qualified accounts such as 401(k) plans, SEP IRAs, 403(B) accounts and profit sharing plans.

When a company has more liabilities than assets, equity is negative and no liquidating distribution is made at all.

This is usually the case in bankruptcy liquidations.