RMR Real Estate Income Fund Announces Regular Quarterly Distribution to Common Shareholders
March 09 2011 - 4:27PM
Business Wire
RMR Real Estate Income Fund (NYSE Amex: RIF) today announced its
regular quarterly distribution to common shareholders. The
distribution of $0.42 per common share will be paid on or about
March 31, 2011 to holders of record of common shares as of the
close of business on March 21, 2011. RIF declared this quarterly
distribution pursuant to its level rate dividend policy. There is
no assurance that RIF will always be able to pay a distribution of
any particular size, or that a distribution will consist only of
net investment income. RIF’s ability to maintain a level
distribution will depend on a number of factors, including the
stability of income received from its investments, availability of
capital gains, distributions paid on its preferred shares and the
level of RIF’s expenses. In order to maintain a stable distribution
amount, the distributions announced today, as well as future
distributions, may consist of net investment income, realized
capital gains and return of capital.
In compliance with Section 19 of the Investment Company Act of
1940, a notice will be provided for any distribution that does not
consist solely of net investment income. Such a notice will be for
informational purposes only, and will disclose, among other things,
estimated portions of the distribution, if any, consisting of net
investment income, capital gains and return of capital. No such
notice will be included with the distribution announced today
because, based upon information currently available to RIF, RIF
believes this distribution consists solely of income received from
its investments. Because RIF has substantial investments in real
estate investment trusts, or REITs, which generally will
characterize distributions to RIF subsequent to the end of a
calendar year as ordinary income, net capital gain or return of
capital, it is expected that distributions declared by RIF will be
similarly characterized for tax purposes subsequent to year end.
Shareholders should not use the information provided in this press
release or any notice delivered in compliance with Section 19 of
the Investment Company Act of 1940 in preparing their tax returns.
Shareholders will receive a Form 1099-DIV for the calendar year
indicating how to report distributions from RIF for Federal income
tax purposes.
RIF is a closed end investment company advised by RMR Advisors,
Inc.
WARNINGS 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 FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS
ARE BASED UPON RIF’S PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE
NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR NUMEROUS REASONS,
SOME OF WHICH ARE BEYOND RIF’S CONTROL. FOR EXAMPLE:
- THIS PRESS RELEASE DESCRIBES THE
DISTRIBUTION OF $0.42 PER SHARE AS A REGULAR QUARTERLY DISTRIBUTION
AND REFERS TO RIF’S LEVEL RATE DIVIDEND POLICY. THE IMPLICATIONS OF
THESE STATEMENTS MAY BE THAT RIF WILL CONSISTENTLY PAY A DIVIDEND
OF $0.42 PER SHARE FOR EACH QUARTER. IN FACT, THE AMOUNT OF
DIVIDENDS PAID BY RIF IN THE FUTURE WILL DEPEND PRIMARILY UPON
RIF’S FUTURE EARNINGS. IN THE PAST, RIF’S PREDECESSORS HAVE LOWERED
THEIR DIVIDEND RATES AND RIF CAN PROVIDE NO ASSURANCE THAT ITS
FUTURE EARNINGS WILL BE SUFFICIENT TO ENABLE RIF TO PAY A REGULAR
QUARTERLY DIVIDEND OF $0.42 PER SHARE.
- THIS PRESS RELEASE STATES THAT RIF
BELIEVES THE DISTRIBUTION DESCRIBED IN THIS PRESS RELEASE CONSISTS
SOLELY OF INCOME RECEIVED FROM ITS INVESTMENTS. AS NOTED IN THE
PRESS RELEASE, THE DIVIDENDS WHICH RIF HAS RECEIVED FROM ITS
INVESTMENTS IN REITS MAY BE CHARACTERIZED BY THOSE REITS
DIFFERENTLY THAN RIF NOW EXPECTS. FOR THIS REASON, AMONG OTHERS,
SOME OF THE DISTRIBUTION DESCRIBED IN THIS PRESS RELEASE MAY
CONSIST OF CAPITAL GAINS OR RETURN OF CAPITAL.
FOR THESE AND OTHER REASONS, INVESTORS SHOULD NOT PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS.
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