The Board of Directors of Generation Income Properties, Inc. has determined it is the in the best interests of the Company and its shareholders to suspend the Company?s dividend, commencing with the monthly dividends that would have been paid in July 2024, as they project that the Company has already met its 2024 dividend distribution requirement. This action is expected to improve cash position on a go-forward basis. These dividend changes will allow them to retain approximately $1.27 million of cash in the third and fourth quarters of 2024.

While it is not anticipated that any dividend distributions will be required this year in order to maintain status as a REIT, if any such dividends are required, they expect to make the required distributions in a timely manner in order to maintain REIT status.