Senior Housing Properties Trust Announces Quarterly Dividend on Common Shares
April 11 2017 - 4:05PM
Business Wire
Senior Housing Properties Trust (Nasdaq: SNH) today announced a
regular quarterly cash distribution on its common shares of $0.39
per common share. This quarterly dividend will be paid to common
shareholders of record as of the close of business on April 21,
2017 and distributed on or about May 18, 2017.
Senior Housing Properties Trust is a real estate investment
trust, or REIT, which owns senior living communities, medical
office buildings and wellness centers throughout the United States.
SNH 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 SNH’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 SNH’S CONTROL. FOR EXAMPLE, THIS PRESS RELEASE
STATES THAT SNH’S DIVIDEND RATE WILL BE $0.39/SHARE PER QUARTER OR
$1.56/SHARE PER YEAR. A POSSIBLE IMPLICATION OF THIS STATEMENT IS
THAT SNH WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.39/SHARE
PER QUARTER OR $1.56/SHARE PER YEAR IN THE FUTURE. SNH’S DIVIDEND
RATES ARE SET AND RESET FROM TIME TO TIME BY SNH’S BOARD OF
TRUSTEES. THE SNH BOARD CONSIDERS MANY FACTORS WHEN SETTING
DIVIDEND RATES INCLUDING SNH’S HISTORICAL AND PROJECTED INCOME,
NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED
NEEDS AND AVAILABILITY OF CASH TO PAY SNH’S OBLIGATIONS,
DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID TO MAINTAIN SNH’S
TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS
DEEMED RELEVANT BY SNH’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 DECLARED AND PAID. FOR THESE REASONS, AMONG OTHERS,
INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY
FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE.
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: http://www.businesswire.com/news/home/20170411006184/en/
Senior Housing Properties TrustBrad Shepherd,
617-796-8234Director, Investor Relations
Senior Housing Properties (NASDAQ:SNH)
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