Lineage, Inc. Declares Initial Dividend
September 11 2024 - 7:00AM
Business Wire
Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world’s
largest global temperature-controlled warehouse REIT, today
announced that its Board of Directors has declared a prorated
quarterly cash dividend of $0.38 per share for the third quarter of
2024. The dividend is prorated for the period commencing on July
26, 2024, the date the Company’s initial public offering was
consummated, and ending on September 30, 2024, representing an
annualized dividend rate of $2.11 per share.
The dividend will be paid on October 21, 2024, to shareholders
of record of the Company's common stock as of the close of business
on September 30, 2024.
About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global
temperature-controlled warehouse REIT with a network of over 480
strategically located facilities totaling over 84 million square
feet and approximately 3.0 billion cubic feet of capacity across
countries in North America, Europe, and Asia-Pacific. Coupling
end-to-end supply chain solutions and technology, Lineage partners
with some of the world’s largest food and beverage producers,
retailers, and distributors to help increase distribution
efficiency, advance sustainability, minimize supply chain waste,
and, most importantly, feed the world. Learn more at onelineage.com
and join us on LinkedIn , Facebook , Instagram , and X.
Forward-Looking Statements
Certain statements contained in this press release may be
considered forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Lineage intends
for all such forward-looking statements to be covered by the
applicable safe harbor provisions for forward-looking statements
contained in those acts. Such forward-looking statements can
generally be identified by Lineage’s use of forward-looking
terminology such as “may,” “will,” “expect,” “intend,”
“anticipate,” “estimate,” “believe,” “continue,” “seek,”
“objective,” “goal,” “strategy,” “plan,” “focus,” “priority,”
“should,” “could,” “potential,” “possible,” “look forward,”
“optimistic,” or other similar words. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Such statements
are subject to certain risks and uncertainties, including known and
unknown risks, which could cause actual results to differ
materially from those projected or anticipated. Therefore, such
statements are not intended to be a guarantee of Lineage’s
performance in future periods. Except as required by law, Lineage
does not undertake any obligation to update or revise any
forward-looking statements contained in this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240911467288/en/
Investor Relations Contact Evan Barbosa VP, Investor
Relations ir@onelineage.com
Media Contact Megan Hendricksen VP, Global Marketing
& Communications pr@onelineage.com
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