Business: InPoint Commercial Real Estate Income, Inc. 6.75% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 09/22/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date fixed by the board, not more than 90 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). After 09/30/2026, and every September 30, each year thereafter the annual dividend rate will raise by 1.00% up to a maximum rate of 10.00% <p> Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> If the Series A Preferred Stock is rated below Investment grade by the Applicable Ratings Agency, or there is the case that there is only one agency rating, (Downgrade Event) The dividend rate will accrue as the dividend rate prior to the downgrade plus 0.25% of the liquidation preference per annum but not above 10% per annum. The ratings will cease to accumulate 0.25% rate if the ratings return to investment grade and other criteria have been met (Upgrade Event) (See prospectus for more details). <p> Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). <p>This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.