Tremont Mortgage Trust Announces Quarterly Dividend on Common Shares
July 15 2021 - 8:00AM
Business Wire
Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular
quarterly cash distribution on its common shares of $0.10 per
common share ($0.40 per share per year). The distribution declared
today will be paid to TRMT’s common shareholders of record as of
the close of business on July 26, 2021 and distributed on or about
August 19, 2021.
TRMT is a real estate finance company that originates and
invests in first mortgage loans secured by middle market and
transitional commercial real estate. TRMT is managed by an
affiliate of The RMR Group Inc. (Nasdaq: RMR). Substantially all of
RMR’s business is conducted by its majority owned subsidiary, The
RMR Group LLC, which is an alternative asset management company
with $32 billion in assets under management and more than 35 years
of institutional experience in buying, selling, financing and
operating commercial real estate. For more information about TRMT,
please visit www.trmtreit.com.
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 TRMT’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 TRMT’s control. For example:
- This press release states that TRMT’s dividend rate will be
$0.10 per share ($0.40 per share per year). A possible implication
of this statement is that TRMT will continuously pay quarterly
dividends of $0.10 per share per quarter ($0.40 per share per year)
in the future. The TRMT Board of Trustees considers many factors
when determining whether to declare dividends, including TRMT's
historical and projected income, distributable earnings, the then
current and expected needs and availability of cash to pay TRMT's
obligations and fund its investments, distributions which may be
required to be paid by TRMT to qualify for taxation as a real
estate investment trust and other factors deemed relevant by TRMT's
Board of Trustees in its discretion. Accordingly, future dividends
may be increased or decreased and there is no assurance as to the
rate at which future dividends will be paid, and they could decline
in amount or be suspended or discontinued.
The information contained in TRMT’s filings with the Securities
and Exchange Commission, or SEC, including under “Risk Factors” in
TRMT’s periodic reports or incorporated therein, identifies other
important factors that could cause TRMT’s actual results to differ
materially from those stated in or implied by TRMT’s forward
looking statements. TRMT’s filings with the SEC are available on
the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward looking
statements.
Except as required by law, TRMT 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/20210715005056/en/
Kevin Barry Manager, Investor Relations (617) 658-0776
Tremont Mortgage (NASDAQ:TRMT)
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