CCG Declares 3Q13 $0.165/Share Common Dividend & $0.50/Share Preferred Series A Dividend
July 23 2013 - 8:04AM
Business Wire
Campus Crest Communities, Inc. (NYSE: CCG) announced that its
Board of Directors declared its third quarter of 2013 common stock
dividend of $0.165 per share. Based on a closing price of $12.13 on
July 22, 2013, the annualized dividend yield is 5.4%. The dividend
is payable on October 9, 2013 to stockholders of record as of
September 25, 2013.
The Board of Directors also declared a cash dividend of $0.50
per Series A Cumulative Redeemable Preferred Share for the third
quarter of 2013. The preferred share dividend is payable on October
15, 2013 to stockholders of record as of September 25, 2013.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder,
owner and manager of high-quality student housing properties
located close to college campuses in targeted markets. It has
ownership interests in 84 student housing properties and over
44,002 beds across the United States, of which 72 are operating and
12 are development or redevelopment properties. Additionally, the
Company acquired the 711 room, 33-story Delta Centre-Ville Hotel in
downtown Montréal, Québec with plans to convert it into an upscale
student housing tower. The Company is an equity REIT that
differentiates itself through its vertical integration and
consistent branding across the portfolio through two unique brands
targeting different segments of the college student population. The
Grove® brand offers more traditional apartment floor plans and
focuses on customer service, privacy, on-site amenities and a
proprietary residence life program. The Copper Beech brand and
townhome product offers more residential-type living to students
looking for a larger floor plan with a front door and back porch.
Additional information can be found on the Company's website at
http://www.campuscrest.com.
Forward-Looking Statements
This press release and other statements and information publicly
disseminated by the Company contain certain 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. The Company intends such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 and includes this statement for
purposes of complying with these safe harbor provisions.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology such as "may,"
"will," "should," "expects," "intends," "plans," "anticipates,"
"believes," "estimates," "predicts" or "potential" or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. You should not rely on
forward-looking statements since they involve known and unknown
risks, uncertainties, assumptions and contingencies, many of which
are beyond the Company's control that may cause actual results to
differ significantly from those expressed in any forward-looking
statement. All forward-looking statements reflect the Company's
good faith beliefs, assumptions and expectations, but they are not
guarantees of future performance. Furthermore, except as otherwise
required by federal securities laws, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
new information, data or methods, future events or other changes.
For a further discussion of these and other factors that could
cause the Company's future results to differ materially from any
forward-looking statements, see the risk factors discussed in the
Company's most recent Annual Report on Form 10-K.
Campus Crest Communities, Inc.Thomas Nielsen, Investor
Relations704-496-2571
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