Business Wire | Mar 3, 2021 05:24PM EST

Clipper Realty Inc. Announces 2020 Distribution Income Tax Treatment

Mar. 03, 2021

NEW YORK--(BUSINESS WIRE)--Mar. 03, 2021--Clipper Realty Inc. (NYSE: CLPR) (the "Company"), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of the Company's 2020 distributions to holders of its common stock.

Total DistributionRecord Date Payment Date Return of Capital Per Share

3/24/2020 3/31/2020 $0.0950 $0.0950

5/22/2020 5/29/2020 $0.0950 $0.0950

8/21/2020 8/28/2020 $0.0950 $0.0950

11/20/2020 11/27/2020 $0.0950 $0.0950

$0.3800 $0.3800

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2020 distributions.

About Clipper Realty Inc.

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. For more information on the Company, please visit www.clipperrealty.com.

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CONTACT: Michael Frenz Chief Financial Officer (718) 438-2804 x2274 M: (917) 576-7750 mfrenz@clipperrealty.com