Colony Credit Real Estate Announces Monthly Dividend for Common Stockholders
January 17 2019 - 9:00AM
Business Wire
Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit
Real Estate” or the “Company”) today announced that the Company’s
Board of Directors has declared its monthly cash dividend of $0.145
per share of class A and class B-3 common stock (the “Common
Stock”) for the monthly period ended January 31, 2019. The Common
Stock dividend will be paid on February 11, 2019, to stockholders
of record on January 31, 2019. This dividend represents an
annualized dividend of $1.74 per share of Common Stock.
About Colony Credit Real Estate, Inc.
Colony Credit Real Estate (NYSE: CLNC) is one of the largest
publicly traded commercial real estate (CRE) credit REITs, focused
on originating, acquiring, financing and managing a diversified
portfolio consisting primarily of CRE senior mortgage loans,
mezzanine loans, preferred equity, debt securities and net leased
properties predominantly in the United States. Colony Credit Real
Estate is externally managed by a subsidiary of leading global real
estate and investment management firm, Colony Capital, Inc. Colony
Credit Real Estate is organized as a Maryland corporation that
intends to elect to be taxed as a REIT for U.S. federal income tax
purposes for its taxable year ending December 31, 2018. For
additional information regarding the Company and its management and
business, please refer to www.clncredit.com.
Forward Looking Statement
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Among others, the following
uncertainties and other factors could cause actual results to
differ from those set forth in the forward-looking statements:
operating costs and business disruption may be greater than
expected; the Company's operating results may differ materially
from the pro forma information presented in the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2017;
the fair value of the Company's investments may be subject to
uncertainties; the Company's use of leverage could hinder its
ability to make distributions and may significantly impact its
liquidity position; given the Company's dependence on its external
manager, an affiliate of Colony Capital, any adverse changes in the
financial health or otherwise of its manager or Colony Capital
could hinder the Company's operating performance and return on
stockholder's investment; the ability to realize substantial
efficiencies as well as anticipated strategic and financial
benefits; and the impact of legislative, regulatory and competitive
changes. The foregoing list of factors is not exhaustive.
Additional information about these and other factors can be found
in Part I, Item 1A of the Company’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2017 and in Part II, Item 1A of
the Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2018, as well as in CLNC’s other filings with the
Securities and Exchange Commission.
We caution investors not to unduly rely on any forward-looking
statements. The forward-looking statements speak only as of the
date of this press release. Colony Credit Real Estate is under no
duty to update any of these forward-looking statements after the
date of this press release, nor to conform prior statements to
actual results or revised expectations, and Colony Credit Real
Estate does not intend to do so.
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Investor RelationsColony Credit Real Estate, Inc.Addo
Investor RelationsLasse Glassen310-829-5400
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