Trading of Six Companies expected to begin on
Friday, July 1, 2016
The RMR Group Inc. (Nasdaq:RMR) today announced that the
listings of the common shares, preferred shares, notes and senior
notes of the real estate investment trusts (“REITs”) and real
estate operating companies it manages will transfer to the Nasdaq
Stock Market ("Nasdaq") from the New York Stock Exchange ("NYSE").
The transfer includes securities issued by Five Star Quality Care,
Inc. (NYSE:FVE), Government Properties Income Trust (NYSE:GOV),
Hospitality Properties Trust (NYSE:HPT), Select Income REIT
(NYSE:SIR), Senior Housing Properties Trust (NYSE:SNH) and
TravelCenters of America LLC (NYSE:TA).
“The RMR Group managed companies are pleased to announce the
transfer of their securities listings to the Nasdaq,” said Adam
Portnoy, President and Chief Executive Officer of The RMR Group
Inc. “We believe the Nasdaq will provide our managed companies with
efficient trading and other high quality services on a cost
effective basis.”
“Nasdaq is proud to have earned the business and support of
these six companies and to be expanding our existing relationship
with The RMR Group. We look forward to a long and successful
relationship,” said Adena Friedman, President and Chief Operating
Officer, Nasdaq.
The securities of the REITs and real estate operating companies
are expected to begin trading on the Nasdaq on Friday, July 1,
2016. The securities will continue to trade on the NYSE until the
transfers are complete. The ticker symbols for the issues and
sub-issues will be as follows:
Five Star Quality Care,
Inc.Common = FVE
Government Properties
Income TrustCommon = GOV5.875% Senior Notes due 2046 = GOVNI
(NYSE: GOVN)
Hospitality Properties
TrustCommon = HPTPreferred = HPTRP (NYSE: HPT-PD)
Select Income
REITCommon = SIR
Senior Housing
Properties TrustCommon = SNH5.625% Senior Notes due 2042 =
SNHNI (NYSE: SNHN)6.250% Senior Notes due 2046 = SNHNL (NYSE:
SNHO)
TravelCenters of
America LLCCommon = TA8.25% Senior Notes due 2028 = TANNI
(NYSE: TANN)8.00% Senior Notes due 2029 = TANNL (NYSE: TANO)8.00%
Senior Notes due 2030 = TANNZ (NYSE: TANP)
About The RMR Group:
The RMR Group Inc. is a holding company and substantially all of
its business is conducted by its majority-owned subsidiary, The RMR
Group LLC. The RMR Group LLC is an alternative asset management
company that primarily provides management services to publicly
traded REITs and real estate operating companies. As of March 31,
2016, The RMR Group LLC had approximately $22 billion of real
estate assets under management, including more than 1,300
properties, and employed over 400 real estate professionals in 25
offices throughout the United States; the companies managed by The
RMR Group LLC collectively had over 50,000 employees. The RMR Group
Inc. is headquartered in Newton, Massachusetts.
Five Star Quality Care, Inc.:
Five Star Quality Care, Inc. is a senior living and healthcare
services company that owns, leases and manages senior living
communities, including primarily private pay independent and
assisted living communities located throughout the United States.
FVE is headquartered in Newton, Massachusetts.
Government Properties Income Trust:
Government Properties Income Trust is a REIT which owns
properties leased primarily to the U.S. Government and state
governments located throughout the United States. GOV is
headquartered in Newton, Massachusetts.
Hospitality Properties Trust:
Hospitality Properties Trust is a REIT which owns a diverse
portfolio of hotels and travel centers located in 45 states, Puerto
Rico and Canada. HPT’s properties are operated under long term
management or lease agreements with major hotel brand owners and a
travel centers operator. HPT is headquartered in Newton,
Massachusetts.
Select Income REIT:
Select Income REIT is a REIT which owns properties that are
primarily net leased to single tenants, including leased lands in
Hawaii. SIR is headquartered in Newton, MA.
Senior Housing Properties Trust:
Senior Housing Properties Trust is a REIT which owns senior
living communities, medical office buildings and wellness centers
throughout the United States. SNH is headquartered in Newton,
MA.
TravelCenters of America LLC:
TravelCenters of America LLC operates travel centers,
convenience stores and restaurants in 43 states and Canada, under
the TA® and Petro Stopping Centers® travel center brands, the Minit
Mart® convenience store brand and the Quaker Steak & Lube® and
other restaurant brands. TA has headquarters operations in
Westlake, OH and Newton, MA.
WARNING CONCERNING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS WHICH CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO,
WHENEVER THE COMPANIES REFERENCED HEREIN OR THEIR REPRESENTATIVES
USE WORDS SUCH AS BELIEVE, EXPECT, ANTICIPATE, INTEND, MAY, WILL OR
SIMILAR EXPRESSIONS THEY ARE MAKING FORWARD LOOKING STATEMENTS.
THESE FORWARD LOOKING STATEMENTS ARE BASED UPON PRESENT INTENTIONS
OR EXPECTATIONS, BUT THEY MAY NOT OCCUR FOR VARIOUS REASONS
INCLUDING SOME BEYOND THE CONTROL OF THESE COMPANIES. FOR EXAMPLE,
THE STATEMENT THAT THE RMR GROUP INC. BELIEVES THAT THE NASDAQ CAN
AND WILL PROVIDE THE MANAGED COMPANIES EFFICIENT TRADING AND OTHER
HIGH QUALITY SERVICES ON A COST EFFECTIVE BASIS IS BASED UPON
SUBJECTIVE COMPARISONS WITH OTHER SERVICES KNOWN TO BE AVAILABLE
AND HISTORICAL COSTS INCURRED BY THE MANAGED COMPANIES, BUT THOSE
FACTORS, INCLUDING THE TYPES AND QUALITY OF SERVICES AVAILABLE AND
THE COMPARATIVE COSTS, MAY CHANGE. THIS PRESS RELEASE ALSO STATES
THAT THE SHARES AND THE NOTES OF EACH MANAGED COMPANY ARE EXPECTED
TO BEGIN TRADING ON THE NASDAQ ON JULY 1, 2016; HOWEVER, THE
COMMENCEMENT OF TRADING OF THE SHARES AND/OR THE NOTES MAY BE
DELAYED OR MAY NOT OCCUR.
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING
STATEMENTS.
EXCEPT AS REQUIRED BY LAW, THE RMR GROUP INC. AND THE MANAGED
COMPANIES DO NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING
STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR
OTHERWISE.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160620005397/en/
The RMR Group Inc.Timothy A. Bonang, 617-796-8230Senior Vice
President
Hospitality Properties (NASDAQ:HPT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Hospitality Properties (NASDAQ:HPT)
Historical Stock Chart
From Sep 2023 to Sep 2024