In the news release, Forest City board declares increased
quarterly dividend, issued 22-Aug-2017 by Forest City Realty Trust, Inc.
over PR Newswire, we are advised by the company that the date
listed at the end of the first paragraph should read "September 5, 2017" rather than "September 4, 2017" as originally issued
inadvertently. The complete, corrected release follows:
Forest City board declares increased quarterly dividend
CLEVELAND, Aug. 22, 2017 /PRNewswire/ -- Forest City Realty
Trust, Inc. (NYSE: FCEA) announced today that its board of
directors has declared a third-quarter 2017 cash dividend of
$0.14 per share of common stock,
payable on September 18, 2017, to
holders of record of common stock as of the close of business on
September 5, 2017.
About Forest City
Forest City Realty Trust, Inc. is an NYSE-listed national real
estate company with $8.2 billion in
consolidated assets. The company is principally engaged in the
ownership, development, management and acquisition of commercial
and residential real estate throughout the United States. For more information, visit
www.forestcity.net.
Safe Harbor Language
Statements made in this news release that state the company's or
management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. The
company's actual results could differ materially from those
expressed or implied in such forward-looking statements due to
various risks, uncertainties and other factors. Risks and factors
that could cause actual results to differ materially from those in
the forward-looking statements include, but are not limited to, the
company's ability to carry out future transactions and strategic
investments, as well as the acquisition related costs,
unanticipated difficulties realizing expected benefits expected
when entering into a transaction, the company's ability to qualify
or to remain qualified as a REIT, its ability to satisfy REIT
distribution requirements, the impact of issuing equity, debt or
both, and selling assets to satisfy its future distributions
required as a REIT or to fund capital expenditures, future growth
and expansion initiatives, the impact of the amount and timing of
any future distributions, the impact from complying with REIT
qualification requirements limiting its flexibility or causing it
to forego otherwise attractive opportunities beyond rental real
estate operations, the impact of complying with the REIT
requirements related to hedging, its lack of experience operating
as a REIT, legislative, administrative, regulatory or other actions
affecting REITs, including positions taken by the Internal Revenue
Service, the possibility that the company's Board of Directors will
unilaterally revoke its REIT election, the possibility that the
anticipated benefits of qualifying as a REIT will not be realized,
or will not be realized within the expected time period, the impact
of current lending and capital market conditions on its liquidity,
its ability to finance or refinance projects or repay its debt, the
impact of the slow economic recovery on the ownership, development
and management of its commercial real estate portfolio, general
real estate investment and development risks, litigation risks,
vacancies in its properties, risks associated with developing and
managing properties in partnership with others, competition, its
ability to renew leases or re-lease spaces as leases expire,
illiquidity of real estate investments, its ability to identify and
transact on chosen strategic alternatives for a portion of its
retail portfolio, bankruptcy or defaults of tenants, anchor store
consolidations or closings, the impact of terrorist acts and other
armed conflicts, its substantial debt leverage and the ability to
obtain and service debt, the impact of restrictions imposed by the
company's revolving credit facility, term loan and senior debt,
exposure to hedging agreements, the level and volatility of
interest rates, the continued availability of tax-exempt government
financing, its ability to receive payment on the notes receivable
issued by Onexim in connection with their purchase of our interests
in the Barclays Center and the Nets, the impact of credit rating
downgrades, effects of uninsured or underinsured losses, effects of
a downgrade or failure of its insurance carriers, environmental
liabilities, competing interests of its directors and executive
officers, the ability to recruit and retain key personnel, risks
associated with the sale of tax credits, downturns in the housing
market, the ability to maintain effective internal controls,
compliance with governmental regulations, increased legislative and
regulatory scrutiny of the financial services industry, changes in
federal, state or local tax laws and international trade
agreements, volatility in the market price of its publicly traded
securities, inflation risks, cybersecurity risks, cyber incidents,
shareholder activism efforts, conflicts of interest, risks related
to its organizational structure including operating through its
Operating Partnership and its UPREIT structure, as well as other
risks listed from time to time in the company's SEC filings,
including but not limited to, the company's annual and quarterly
reports.
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SOURCE Forest City Realty Trust, Inc.