Distribution History

Distribution History

The table below provides information on distributions paid by Black Creek Diversified Property Fund.

Distributions1,2

Distributions per Share Associated Annualized Distribution Rate Based on NAV Per Share at Quarter End/Month End 7
Quarter / Month Pay Date E Share T Share3 S Share4 D Share5 I Share6 E Share T Share3 S Share4 D Share5 I Share6
2017
October 11/01/2017 $0.0300 $0.0246 $0.0246 $0.0284 $0.0300 4.83% 3.96% 3.96% 4.58% 4.83%
September 09/29/2017 $0.0300 $0.0248 $0.0248 $0.0285 $0.0300 4.83% 3.99% 3.99% 4.58% 4.83%
August 08/31/2017 $0.0300 $0.0230 $0.0230 $0.0262 $0.0294 4.83% 3.70% 3.70% 4.21% 4.72%
July 07/31/2017 $0.0300 $0.0230 $0.0230 $0.0262 $0.0294 4.80% 3.68% 3.68% 4.19% 4.70%
Q2 07/17/2017 $0.0900 $0.0694 $0.0694 $0.0787 $0.0881 4.80% 3.70% 3.70% 4.20% 4.70%
Q1 04/17/2017 $0.0900 $0.0695 $0.0695 $0.0788 $0.0881 4.79% 3.70% 3.70% 4.19% 4.69%
2016
Q4 01/13/2017 $0.0900 $0.0692 $0.0692 $0.0787 $0.0881 4.76% 3.66% 3.66% 4.16% 4.66%
Q3 10/15/2016 $0.0900 $0.0695 $0.0695 $0.0788 $0.0881 4.82% 3.72% 3.72% 4.22% 4.72%
Q2 07/15/2016 $0.0900 $0.0699 $0.0699 $0.0790 $0.0882 4.88% 3.79% 3.79% 4.29% 4.78%
Q1 04/15/2016 $0.0900 $0.0697 $0.0697 $0.0789 $0.0882 4.89% 3.79% 3.79% 4.29% 4.79%
2015
Q4 01/15/2016 $0.0900 $0.0694 $0.0694 $0.0788 $0.0881 4.82% 3.72% 3.72% 4.22% 4.72%
Q3 10/15/2015 $0.0900 $0.0695 $0.0695 $0.0788 $0.0881 4.85% 3.75% 3.75% 4.25% 4.75%
Q2 07/01/2015 $0.0900 $0.0700 $0.0700 $0.0791 $0.0882 4.88% 3.80% 3.80% 4.29% 4.78%
Q1 04/15/2015 $0.0900 $0.0705 $0.0705 $0.0794 $0.0882 4.93% 3.86% 3.86% 4.35% 4.83%
2014
Q4 01/15/2015 $0.0875 $0.0677 $0.0677 $0.0767 $0.0857 4.89% 3.78% 3.78% 4.28% 4.79%
Q3 10/15/2014 $0.0875 $0.0680 $0.0680 $0.0769 $0.0857 4.94% 3.84% 3.84% 4.34% 4.84%
Q2 07/15/2014 $0.0875 $0.0684 $0.0684 $0.0771 $0.0858 5.00% 3.91% 3.91% 4.41% 4.90%
Q1 04/15/2014 $0.0875 $0.0687 $0.0687 $0.0772 $0.0858 5.03% 3.94% 3.94% 4.44% 4.93%
2013
Q4 01/15/2014 $0.0875 $0.0684 $0.0684 $0.0771 $0.0858 5.05% 3.95% 3.95% 4.45% 4.95%
Q3 10/15/2013 $0.0875 $0.0685 $0.0685 $0.0771 $0.0858 5.10% 3.99% 3.99% 4.49% 5.00%
Q2 07/15/2013 $0.0875 $0.0689 $0.0689 $0.0774 $0.0858 5.12% 4.03% 4.03% 4.53% 5.02%
Q1 04/15/2013 $0.0875 $0.0692 $0.0692 $0.0775 $0.0858 5.15% 4.08% 4.08% 4.57% 5.06%
2012
Q4 01/15/2013 $0.0875 $0.0691 $0.0691 $0.0775 $0.0858 5.22% 4.12% 4.12% 4.62% 5.12%
Q3 10/15/2012 $0.1250
Q2 07/16/2012 $0.1250
Q1 04/15/2012 $0.1250
2011
Q4 01/17/2012 $0.1250
Q3 10/14/2011 $0.1500
Q2 07/15/2011 $0.1500
Q1 04/15/2011 $0.1500
2010
Q4 01/17/2011 $0.1500
Q3 10/15/2010 $0.1500
Q2 07/15/2010 $0.1500
Q1 04/15/2010 $0.1500
2009
Q4 01/15/2010 $0.1500
Q3 10/15/2009 $0.1500
Q2 07/15/2009 $0.1500
Q1 04/15/2009 $0.1500
2008
Q4 01/15/2009 $0.1500
Q3 10/15/2008 $0.1500
Q2 07/15/2008 $0.1500
Q1 04/15/2008 $0.1500
2007
Q4 01/15/2008 $0.1500
Q3 10/11/2007 $0.1500
Q2 07/16/2007 $0.1500
Q1 04/16/2007 $0.1500
2006
Q4 01/12/2007 $0.1512
Q3 10/13/2006 $0.1386
Q2 07/17/2006 $0.1326

1 DPF converted to a net asset value (NAV) REIT on July 12, 2012. NAV inception is on 09/30/2012. Subsequently, as a result of a share restructuring effective as of September 1, 2017, DPF’s outstanding Class A, W and I shares changed to Class T, Class D and a new version of Class I shares, respectively. DPF also created a new Class S share, with the same NAV per share and class-specific expenses as Class T shares. Accordingly, in this table, the distributions on Class T and Class S shares reflect the distributions on Class A shares since NAV inception through the restructuring date; the distributions on Class D shares shown reflects the distributions on Class W shares since NAV inception through the restructuring date; and the distributions on the new version of Class I shares reflects the distributions on the prior Class I shares since NAV inception through the restructuring date. In connection with the restructuring, DPF also revised its fee structure with its advisor and dealer manager and its NAV methodology, which will affect returns going forward. Please see DPF’s definitive proxy statement filed with the Securities and Exchange Commission on June 7, 2017, for more information about the fee changes and our pro forma estimates of how those fee changes would have affected returns on DPF shares in the years 2013-2016.

2 The amount of distributions DPF may make is uncertain, is not guaranteed and may be modified at the program’s discretion. DPF may pay distributions from sources other than cash flow from operations including, without limitation, the sale of assets, borrowings or offering proceeds (including the return of principal amounts invested). The use of these sources for distributions would decrease the amount of cash DPF has available for new investments, repayment of debt, share redemptions and other corporate purposes, and could potentially reduce your overall return and dilute the value of your investment in shares of DPF common stock. For each year from 2012 through 2015 and for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, distributions were funded solely from cash flow from operations. The distributions for the three months ended March 31, 2016 were funded 95.3% from cash flow from operations and 4.7% from other sources.

3 With respect to the Class T Share, DPF pays an up-front selling commission of up to 3.00% and an up-front dealer manager fee equal to 0.50%. The up-front selling commission and dealer manager fee are each a percentage of the transaction price, which will generally be the most recently disclosed monthly NAV per share for such class of the shares sold in the primary offering. DPF also pays an ongoing distribution fee that accrues monthly in an amount equal to 1/12th of 0.85% of DPF’s NAV per Class T Share for such month on a continuous basis. These expenses are allocated to Class T stockholders and reduce the distributions otherwise payable to Class T stockholders.

4 With respect to the Class S Share, DPF pays an up-front selling commission of up to 3.50% and no up-front dealer manager fee. The up-front selling commission is a percentage of the transaction price, which will generally be the most recently disclosed monthly NAV per share for such class, of the shares sold in the primary offering. DPF also pays an ongoing distribution fee that accrues monthly in an amount equal to 1/12th of 0.85% of DPF’s NAV per Class S Share for such month on a continuous basis. These expenses are allocated to Class S stockholders and reduce the distributions otherwise payable to Class S stockholders.

5 With respect to the Class W Share, DPF pays no up-front selling commission and no up-front dealer manager fee. DPF pays an ongoing distribution fee that accrues monthly in an amount equal to 1/12th of 0.25% of DPF’s NAV per Class W Share for such month on a continuous basis. These expenses are allocated to Class W stockholders and reduce the distributions otherwise payable to Class W stockholders.

6 With respect to the Class I Share, DPF pays no up-front selling commission, no up-front dealer manager fee and no ongoing distribution fee.

7 For distributions through second quarter 2017, based on the per share NAV of each share class at the end of each quarter. The annualized rate assumes that distributions are paid in the same amount for four consecutive quarters. For distributions from August 2017 forward, based on the NAV per share of each share class at the end of each month. The annualized rate assumes that distributions are paid in the same amount for 12 consecutive months. No annualized distribution rates are presented for distributions paid prior to the fourth quarter of 2012 as DPF did not calculate its NAV until July 2012 and, therefore, distributions rates could not be calculated in the manner discussed above.

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