Select Income REIT Raises Quarterly Dividend on Common Shares
July 12 2016 - 3:30PM
Business Wire
Select Income REIT (Nasdaq: SIR) today announced it has raised
its regular quarterly cash distribution on its common shares by
$0.01 to $0.51 per common share ($2.04 per share per year). This
distribution will be paid to holders of record of common shares as
of the close of business on July 22, 2016, and will be distributed
on or about August 18, 2016.
Select Income REIT is a real estate investment trust, or REIT,
which owns properties that are primarily net leased to single
tenants. SIR is managed by the operating subsidiary of The RMR
Group Inc. (Nasdaq: RMR), an alternative asset management company
that is headquartered in Newton, MA.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON SIR'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF
WHICH ARE BEYOND SIR'S CONTROL. FOR EXAMPLE, THIS PRESS RELEASE
STATES THAT SIR'S DIVIDEND RATE WILL BE $0.51/SHARE PER QUARTER OR
$2.04/SHARE PER YEAR. A POSSIBLE IMPLICATION OF THIS STATEMENT IS
THAT SIR WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.51/SHARE
PER QUARTER OR $2.04/SHARE PER YEAR IN THE FUTURE. SIR'S DIVIDEND
RATES ARE SET AND RESET FROM TIME TO TIME BY SIR'S BOARD OF
TRUSTEES. THE SIR BOARD CONSIDERS MANY FACTORS WHEN SETTING
DIVIDEND RATES INCLUDING SIR'S HISTORICAL AND PROJECTED INCOME,
NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED
NEEDS AND AVAILABILITY OF CASH TO PAY SIR'S OBLIGATIONS,
DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID TO MAINTAIN SIR'S
TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS
DEEMED RELEVANT BY SIR'S BOARD OF TRUSTEES IN THEIR DISCRETION.
ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED
AND THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS
WILL BE PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: http://www.businesswire.com/news/home/20160712006599/en/
Select Income REITChristopher Ranjitkar, 617-796-8320Director,
Investor Relations
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