 NEW YORK, Jan. 13, 2021 GLOBE NEWSWIRE -- INDUS Realty Trust, Inc. Nasdaq: INDT INDUS or the Company announced today that its Board of Directors has declared a dividend to distribute the Companys accumulated earnings and profits the EP Distribution based on the Companys taxable income through December 31, 2020. The EP Distribution will be 11,250,000 or 1.99 per share payable to holders of record as of January 22, 2021. Subject to the stockholder elections described below, the EP Distribution will be a special dividend payable in a combination of cash and shares of the Companys common stock the Common Stock with the total amount of cash payable to stockholders set at 3,397,824, equating to 0.60 per share. Stockholders of record will receive election materials to elect, subject to certain limitations, to receive the EP Distribution either in cash, shares of Common Stock or a fixed combination of cash and shares of Common Stock. The EP Distribution is expected to be paid on March 8, 2021, following the solicitation period. The Common Stock component of the EP Distribution will be based on the Companys two-day volume weighted average price on February 25, 2021 and February 26, 2021. Going forward, INDUS expects to begin making regular quarterly dividend payments, commencing with the quarter ending June 30, 2021. 