• Innovative Industrial Properties launched a public offering of Series B Cumulative Redeemable Preferred Stock.
• Plans to apply to list the Series B Preferred Stock on the NYSE under the symbol “IIPR Pr B”.
• No market currently exists for the Series B Preferred Stock.
• Net proceeds earmarked for an unfunded mezzanine loan commitment in life sciences, then strategy-aligned investments or general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610070859BIZWIRE_USPR_____20261006_BW459282) on October 07, 2026, and is solely responsible for the information contained therein.