Office Properties Income Trust Announces Quarterly Dividend on Common Shares
October 15 2020 - 8:00AM
Business Wire
Office Properties Income Trust (Nasdaq: OPI) today announced a
regular quarterly cash distribution on its common shares of $0.55
per common share ($2.20 per share per year). This distribution will
be paid to OPI’s common shareholders of record as of the close of
business on October 26, 2020 and distributed on or about November
19, 2020.
Office Properties Income Trust is a real estate investment
trust, or REIT, focused on owning, operating and leasing buildings
primarily leased to single tenants and those with high credit
quality characteristics like government entities. OPI 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 OPI’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 OPI’s control. For example, this press release
states that OPI’s dividend rate will be $0.55/share per quarter or
$2.20/share per year. A possible implication of this statement is
that OPI will continuously pay quarterly dividends of $0.55/share
per quarter or $2.20/share per year in the future. OPI’s dividend
rates are set and reset from time to time by OPI’s Board of
Trustees. The OPI Board considers many factors when setting
dividend rates including OPI’s historical and projected income,
normalized funds from operations, cash available for distribution,
the then current and expected needs and availability of cash to pay
OPI’s obligations and fund OPI’s investments, distributions which
may be required to be paid to maintain OPI’s tax status as a real
estate investment trust and other factors deemed relevant by OPI’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. Except
as required by law, OPI does not intend to update any forward
looking statements as a result of new information, future events or
otherwise.
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: https://www.businesswire.com/news/home/20201015005218/en/
Olivia Snyder, Manager, Investor Relations (617) 219-1410
www.opireit.com
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