BlackRock, Inc. Reports 5.1% Ownership in MODIV INDUSTRIAL INC

BlackRock, Inc. has filed a Schedule 13G with the SEC, disclosing a 5.1% ownership stake in MODIV INDUSTRIAL INC. The filing indicates that BlackRock beneficially owns 521,743 shares of Class C Stock, with sole voting power over 508,330 shares and sole dispositive power over all 521,743 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the common stock, but no single person's interest exceeds 5% of the total outstanding shares. The filing was made in accordance with SEC Release No. 34-39538, which requires the disaggregation of securities beneficially owned by different business units of BlackRock. The filing was signed by Spencer Fleming, Managing Director, on behalf of BlackRock, Inc.