CENTERSPACE ANNOUNCES 2023 DIVIDEND ALLOCATIONS

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January 24, 2024 4:15 PM EST

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MINNEAPOLIS, Jan. 24, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2023 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	Box 1a Ordinary Taxable Dividend	Box 1b Qualified Dividend (1)	Box 2a Long-Term Capital Gain	Box 2b Unrecaptured Sec. 1250 Gain (2)	Box 3 Nondividend Distribution	Box 5 Section 199A Dividend (1)
Common Shares	01/02/23	01/12/23	$0.7300000	$0.2077306	$0.0000000	$0.3561495	$0.2336918	$0.1661199	$0.2077306
	03/31/23	04/10/23	$0.7300000	$0.2077306	$0.0000000	$0.3561495	$0.2336918	$0.1661199	$0.2077306
CUSIP: 15202L106	06/30/23	07/10/23	$0.7300000	$0.2077306	$0.0000000	$0.3561495	$0.2336918	$0.1661199	$0.2077306
Symbol: CSR	09/29/23	10/10/23	$0.7300000	$0.2077306	$0.0000000	$0.3561495	$0.2336918	$0.1661199	$0.2077306
			$2.9200000	$0.8309224	$0.0000000	$1.4245980	$0.9347672	$0.6644796	$0.8309224
Security Description	Record Date	Payable Date	Cash Distribution Per Share	Box 1a Ordinary Taxable Dividend	Box 1b Qualified Dividend (1)	Box 2a Long-Term Capital Gain	Box 2b Unrecaptured Sec. 1250 Gain (2)	Box 3 Nondividend Distribution	Box 5 Section 199A Dividend (1)
Series C Preferred	03/15/23	03/31/23	$0.4140625	$0.2120513	$0.0000000	$0.2020112	$0.1325521	$0.0000000	$0.2120513
Shares	06/15/23	06/30/23	$0.4140625	$0.2120513	$0.0000000	$0.2020112	$0.1325521	$0.0000000	$0.2120513
CUSIP: 15202L206	09/15/23	09/29/23	$0.4140625	$0.2120513	$0.0000000	$0.2020112	$0.1325521	$0.0000000	$0.2120513
Symbol: CSRPRC	12/15/23	12/29/23	$0.4140625	$0.2120513	$0.0000000	$0.2020112	$0.1325521	$0.0000000	$0.2120513
			$1.6562500	$0.8482052	$0.0000000	$0.8080448	$0.5302084	$0.0000000	$0.8482052

(1) These amounts are a subset of, and included in, the amounts in Box 1a.
(2) These amounts are a subset of, and included in, the amounts in Box 2a.

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 72 apartment communities consisting of 13,088 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. In 2022, Centerspace was named the National Apartment Association's Leading Organization in Diversity, Equity, and Inclusion. For more information, please visit www.centerspacehomes.com.