Jernigan Capital, Inc. Announces Taxable Composition of 2018 Distributions

Jernigan Capital, Inc. (the “Company”) (NYSE:JCAP) announced today the
taxable composition of its 2018 distributions paid to shareholders on
its common stock and Series B preferred stock. The amount of
distribution referred to as return of capital is considered by US tax
law to be a return of invested capital and is not currently taxable to
the extent of shareholder basis. Shareholders are advised to consult
with their tax advisors with respect to the individual consequences of
the distributions. The composition presented is applicable to all
dividend distributions during 2018. The classifications for 2018 are as
follows:

This release is based on the preliminary work the Company has performed
on its filings and is subject to correction or adjustment based on the
completion of those filings. The Company is releasing information at
this time to aid those required to distribute 1099s on the Company’s
dividends. No material change in the taxable composition is expected.
The fourth quarter 2018 distribution made to shareholders of record as
of January 2, 2019 is considered a 2019 distribution for federal income
tax purposes.

About Jernigan Capital, Inc.

Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate
investment trust (NYSE: JCAP) that provides debt and equity capital to
private developers, owners, and operators of self-storage facilities
with a view to eventual outright ownership of facilities it financed.
Its mission is to maximize shareholder value by accumulating a
multi-billion-dollar investment portfolio consisting of the newest, most
attractive and best located self-storage facilities in the United States
through a talented and experienced team demonstrating the highest levels
of integrity, dedication, excellence and community.

Forward-Looking Statements

This press release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The
ultimate occurrence of events and results referenced in these
forward-looking statements is subject to known and unknown risks and
uncertainties, many of which are beyond our control. These
forward-looking statements are based upon the Company's present
intentions and expectations, but the events and results referenced in
these statements are not guaranteed to occur. Investors should not place
undue reliance upon forward-looking statements. For a discussion of
these and other risks facing our business, see the information under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2017, and those set forth in the Company’s
other reports and information filed with the Securities and Exchange
Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov.

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