Senior Housing Properties Trust Announces Quarterly Dividend on Common Shares
April 18 2019 - 8:00AM
Business Wire
Senior Housing Properties Trust (Nasdaq: SNH) today announced a
regular quarterly cash distribution on its common shares of $0.15
per common share ($0.60 per share per year). This quarterly
dividend will be paid to common shareholders of record as of the
close of business on April 29, 2019 and distributed on or about May
16, 2019.
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 $0.15/share per quarter or
$0.60/share per year. A possible implication of this statement is
that SNH will continuously pay quarterly dividends of $0.15/share
per quarter or $0.60/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 attributable to common
shareholders, cash available for distribution, the then current and
expected needs and availability of cash to pay SNH’s obligations
and fund SNH’s investments, 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 its 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.
Except as required by law, SNH does not intend to update or change
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/20190418005170/en/
Brad Shepherd, Senior Director, Investor Relations(617)
796-8234www.snhreit.com
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