CENTERSPACE ANNOUNCES 2021 DIVIDEND ALLOCATIONS

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January 24, 2022 4:30 PM EST

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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 Description		Record Date	Payable Date	Cash Distribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Common Shares		01/04/21	01/15/21	$0.700000	$0.054698	$0.638852	$0.006450	$0.006450
CUSIP: 15202L1070		03/31/21	04/12/21	$0.700000	$0.054698	$0.638852	$0.006450	$0.006450
Symbol: CSR		06/30/21	07/12/21	$0.700000	$0.054698	$0.638852	$0.006450	$0.006450
	09/30/21		10/11/21	$0.720000	$0.056261	$0.657105	$0.006634	$0.006634
				$2.820000	$0.220355	$2.573661	$0.025984	$0.025984

Security Description		Record Date	Payable Date	Cash Distribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Series C Preferred		03/15/21	03/31/21	$0.4140625	$0.3703864	$0.000000	$0.0436761	$0.0436761
Shares		06/15/21	06/30/21	$0.4140625	$0.3703864	$0.000000	$0.0436761	$0.0436761
CUSIP: 15202L2060		09/15/21	09/30/21	$0.4140625	$0.3703864	$0.000000	$0.0436761	$0.0436761
Symbol:CSRPC	12/15/21		12/31/21	$0.4140625	$0.3703864	$0.000000	$0.0436761	$0.0436761
				$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 the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or [email protected].

Contact Information Emily Miller, Investor Relations Phone : (701) 837-7104 E-mail : [email protected]