Independence Realty Trust Announces Fourth Quarter Monthly Cash Dividends on its Common Stock & transition to Quarterly Cash ...
October 12 2017 - 4:34PM
Business Wire
Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today
announced that, on October 12, 2017, IRT’s Board of Directors
declared monthly cash dividends for the fourth quarter of 2017 on
IRT’s shares of common stock in the amount of $0.06 per share per
month. The monthly dividends total $0.18 per share for the fourth
quarter. The month for which each dividend was declared is set
forth below, with the relevant amount per share, record date and
payment date set forth opposite the month:
Month
Amount
Record
Date
Payment
Date
October 2017 $0.06 10/31/2017 11/15/2017 November 2017 $0.06
11/30/2017 12/15/2017 December 2017 $0.06 12/29/2017 01/15/2018
Additionally, IRT will be transitioning to a quarterly
distribution of cash dividends, effective the first quarter of
2018.
About Independence Realty Trust, Inc.
Independence Realty Trust (NYSE: IRT) is a real estate
investment trust. Upon completion of the previously announced nine
community portfolio acquisition, IRT will own and operate 55
multifamily apartment properties, totaling 15,165 units, across
non-gateway U.S. markets, including Louisville, Memphis, Atlanta
and Raleigh. IRT’s investment strategy is focused on gaining scale
within key amenity rich submarkets that offer good school
districts, high-quality retail and major employment centers. IRT
aims to provide stockholders attractive risk-adjusted returns
through diligent portfolio management, strong operational
performance, and a consistent return of capital through
distributions and capital appreciation.
Forward-Looking Statements
This press release may 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. Such forward-looking statements can generally
be identified by our use of forward-looking terminology such as
“will,” “strategy,” “expects,” “seeks,” “believes,” “potential,” or
other similar words. Because such statements include risks,
uncertainties and contingencies, actual results may differ
materially from the expectations, intentions, beliefs, plans or
predictions of the future expressed or implied by such
forward-looking statements. These forward-looking statements are
based upon the current beliefs and expectations of IRT’s management
and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
difficult to predict and generally not within IRT’s control. In
addition, these forward-looking statements are subject to
assumptions with respect to future business strategies and
decisions that are subject to change. These risks, uncertainties
and contingencies include, but are not limited to, those disclosed
in IRT’s filings with the Securities and Exchange Commission. IRT
undertakes no obligation to update these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events, except as may be
required by law.
Corporate HeadquartersTwo Liberty Place50 S. 16th Street,
Suite 3575Philadelphia, PA 19102267-270-4800
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version on businesswire.com: http://www.businesswire.com/news/home/20171012006455/en/
Independence Realty Trust, Inc.Edelman Financial
Communications & Capital MarketsTed McHugh and Lauren Tarola,
212-277-4322IRT@edelman.com
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