CLEVELAND, May 17, 2017 /PRNewswire/ -- Forest
City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that
its board of directors has declared a second-quarter 2017 cash
dividend of $.09 per share of common
stock, payable on June 23, 2017, to
holders of record of common stock as of the close of business on
June 9, 2017.
About Forest City
Forest City Realty Trust, Inc. is an NYSE-listed national real
estate company with $8.2 billion in
consolidated assets. The company is principally engaged in the
ownership, development, management and acquisition of commercial
and residential real estate throughout the United States. For more information, visit
www.forestcity.net.
Safe Harbor Language
Statements made in this news release that state the company's or
management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. The
company's actual results could differ materially from those
expressed or implied in such forward-looking statements due to
various risks, uncertainties and other factors. Risks and factors
that could cause actual results to differ materially from those in
the forward-looking statements include, but are not limited to, the
company's failure to receive stockholder approval of the
reclassification proposal, any other delays with respect to, or the
failure to complete, the reclassification, the company's ability to
carry out future transactions and strategic investments, as well as
the acquisition related costs, unanticipated difficulties realizing
expected benefits expected when entering into a transaction, the
company's ability to qualify or to remain qualified as a REIT, its
ability to satisfy REIT distribution requirements, the impact of
issuing equity, debt or both, and selling assets to satisfy its
future distributions required as a REIT or to fund capital
expenditures, future growth and expansion initiatives, the impact
of the amount and timing of any future distributions, the impact
from complying with REIT qualification requirements limiting its
flexibility or causing it to forego otherwise attractive
opportunities beyond rental real estate operations, the impact of
complying with the REIT requirements related to hedging, its lack
of experience operating as a REIT, legislative, administrative,
regulatory or other actions affecting REITs, including positions
taken by the Internal Revenue Service, the possibility that the
company's Board of Directors will unilaterally revoke its REIT
election, the possibility that the anticipated benefits of
qualifying as a REIT will not be realized, or will not be realized
within the expected time period, the impact of current lending and
capital market conditions on its liquidity, its ability to finance
or refinance projects or repay its debt, the impact of the slow
economic recovery on the ownership, development and management of
its commercial real estate portfolio, general real estate
investment and development risks, litigation risks, including risks
with respect to the outcome of any legal proceedings that have or
may be instituted against the Company or others relating to the
reclassification, vacancies in its properties, risks associated
with developing and managing properties in partnership with others,
competition, its ability to renew leases or re-lease spaces as
leases expire, illiquidity of real estate investments, its ability
to identify and transact on chosen strategic alternatives for a
portion of its retail portfolio, bankruptcy or defaults of tenants,
anchor store consolidations or closings, the impact of terrorist
acts and other armed conflicts, its substantial debt leverage and
the ability to obtain and service debt, the impact of restrictions
imposed by the company's revolving credit facility, term loan and
senior debt, exposure to hedging agreements, the level and
volatility of interest rates, the continued availability of
tax-exempt government financing, its ability to receive payment on
the notes receivable issued by Onexim in connection with their
purchase of our interests in the Barclays Center and the Nets, the
impact of credit rating downgrades, effects of uninsured or
underinsured losses, effects of a downgrade or failure of its
insurance carriers, environmental liabilities, competing interests
of its directors and executive officers, the ability to recruit and
retain key personnel, risks associated with the sale of tax
credits, downturns in the housing market, the ability to maintain
effective internal controls, compliance with governmental
regulations, increased legislative and regulatory scrutiny of the
financial services industry, changes in federal, state or local tax
laws and international trade agreements, volatility in the market
price of its publicly traded securities, inflation risks,
cybersecurity risks, cyber incidents, shareholder activism efforts,
conflicts of interest, risks related to its organizational
structure including operating through its Operating Partnership and
its UPREIT structure, as well as other risks listed from time to
time in the company's SEC filings, including but not limited to,
the company's annual and quarterly reports.
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SOURCE Forest City Realty Trust, Inc.