TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock
March 08 2024 - 3:15PM
Business Wire
TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the
“Company”) today announced the Company’s Board of Directors
declared a cash dividend of $0.3906 per share of 6.25% Series C
Cumulative Redeemable Preferred Stock (the “Series C Preferred
Stock”) for the first quarter of 2024. The Series C Preferred Stock
dividend is payable on March 28, 2024 to preferred stockholders of
record as of March 18, 2024.
ABOUT TRTX
TRTX is a commercial real estate finance company that
originates, acquires, and manages primarily first mortgage loans
secured by institutional properties located in primary and select
secondary markets in the United States. The Company is externally
managed by TPG RE Finance Trust Management, L.P., a part of TPG
Real Estate, which is the real estate investment platform of global
alternative asset management firm TPG Inc. (NASDAQ: TPG). For more
information regarding TRTX, visit https://www.tpgrefinance.com/.
FORWARD-LOOKING STATEMENTS
This press release contains “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. These forward‐looking statements are subject to various
risks and uncertainties, including, without limitation, risks and
uncertainties relating to: the performance of the Company’s
investments; global economic trends and economic conditions,
including heightened inflation, slower growth or recession, changes
to fiscal and monetary policy, higher interest rates, stress to the
commercial banking systems of the U.S. and Western Europe, labor
shortages, currency fluctuations and challenges in global supply
chains; the Company's ability to originate loans that are in the
pipeline and under evaluation by the Company; financing needs and
arrangements; and the risks, uncertainties and factors set forth
under the heading “Risk Factors” in the Company’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such risk
factors may be updated from time to time in the Company’s periodic
filings with the Securities and Exchange Commission (the “SEC”),
which are accessible on the SEC’s website at www.sec.gov.
Forward-looking statements are generally identifiable by use of
forward-looking terminology such as “may,” “will,” “should,”
“potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,”
“estimate,” “believe,” “could,” “project,” “predict,” “continue,”
“payable” or other similar words or expressions. Forward-looking
statements are based on certain assumptions, discuss future
expectations, describe existing or future plans and strategies,
contain projections of results of operations, liquidity and/or
financial condition or state other forward-looking information.
Statements, among others, relating to the payment of dividends on a
future date are forward-looking statements. The ability of TRTX to
predict future events or conditions or their impact or the actual
effect of existing or future plans or strategies is inherently
uncertain. Although the Company believes that such forward-looking
statements are based on reasonable assumptions, actual results and
performance in the future could differ materially from those set
forth in or implied by such forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements, which reflect the Company’s views only as of the date
of this press release. Except as required by law, neither the
Company nor any other person assumes responsibility for the
accuracy and completeness of the forward-looking statements
appearing in this press release. The Company does not undertake any
obligation to update any forward-looking statements contained in
this press release as a result of new information, future events or
otherwise. Past performance is not indicative nor a guarantee of
future returns.
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INVESTOR RELATIONS +1 (212) 405-8500 IR@tpgrefinance.com
MEDIA TPG RE Finance Trust, Inc. Courtney Power +1 (415)
743-1550 media@tpg.com
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