PR Newswire | Jan 24, 2022 04:30PM EST

01/24 15:30 CST

CENTERSPACE ANNOUNCES 2021 DIVIDEND ALLOCATIONS MINNEAPOLIS, Jan. 24, 2022

MINNEAPOLIS, Jan. 24, 2022 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2021 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions.

Security RecordPayableCash Ordinary Return ofTotal Unrecaptured Date Date DistributionTaxable Capital Capital Section 1250Description Per Share Distribution Gain Gain

Common 01/04/01/15/ $0.700000 $0.054698 $0.638852$0.006450$0.006450 Shares 21 21

CUSIP: 03/31/04/12/ $0.700000 $0.054698 $0.638852$0.006450$0.006450 15202L1070 21 21

Symbol: CSR06/30/07/12/ $0.700000 $0.054698 $0.638852$0.006450$0.006450 21 21

09/30/2110/11/ $0.720000 $0.056261 $0.657105$0.006634$0.006634 21

$2.820000 $0.220355 $2.573661$0.025984$0.025984



Security RecordPayableCash Ordinary Return ofTotal Unrecaptured Date Date DistributionTaxable Capital Capital Section 1250Description Per Share Distribution Gain Gain

Series C 03/15/03/31/ $0.4140625 $0.3703864 $0.000000$0.0436761$0.0436761 Preferred 21 21

Shares 06/15/06/30/ $0.4140625 $0.3703864 $0.000000$0.0436761$0.0436761 21 21

CUSIP: 09/15/09/30/ $0.4140625 $0.3703864 $0.000000$0.0436761$0.0436761 15202L2060 21 21

12/31/ Symbol:CSRPC12/15/ 21 $0.4140625 $0.3703864 $0.000000$0.0436761$0.0436761 21

$1.6562500 $1.4815456 $0.000000$0.1747044$0.1747044

About Centerspace Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 83 apartment communities consisting of 14,718 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by theMinneapolis Star Tribune. For more information, please visitwww.centerspacehomes.com.

If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.

Contact InformationEmily Miller, Investor Relations Phone : (701) 837-7104 E-mail : IR@centerspacehomes.com

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SOURCE Centerspace