SITE Centers Declares Third Quarter 2020 Class A and Class K Preferred Share Dividends
September 01 2020 - 4:05PM
Business Wire
SITE Centers Corp. (NYSE: SITC) declared its third quarter 2020
Preferred Class A stock dividend of $0.39844 per depositary share
and Preferred Class K stock dividend of $0.39063 per depositary
share.
Each Class A depositary share is equal to one-twentieth of a
share of SITE Centers’ 6.375% Class A Cumulative Redeemable
Preferred Stock. The declared Preferred Class A dividend covers the
period beginning July 15, 2020 and ending October 14, 2020. The
declared Preferred Class A Dividend is payable October 15, 2020 to
shareholders of record at the close of business on September 29,
2020.
Each Class K depositary share is equal to one-twentieth of a
share of SITE Centers’ 6.25% Class K Cumulative Redeemable
Preferred Stock. The declared Preferred Class K dividend covers the
period beginning July 15, 2020 and ending October 14, 2020. The
declared Preferred Class K Dividend is payable October 15, 2020 to
shareholders of record at the close of business on September 29,
2020.
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping
centers that provide a highly-compelling shopping experience and
merchandise mix for retail partners and consumers. The Company is a
self-administered and self-managed REIT operating as a fully
integrated real estate company, and is publicly traded on the New
York Stock Exchange under the ticker symbol SITC. Additional
information about the Company is available at www.sitecenters.com.
To be included in the Company’s e-mail distributions for press
releases and other investor news, please click here.
Safe Harbor
SITE Centers Corp. considers portions of the information in this
press release to be forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, both as amended, with respect to
the Company's expectation for future periods. Although the Company
believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be achieved. For this purpose,
any statements contained herein that are not historical fact may be
deemed to be forward-looking statements. There are a number of
important factors that could cause our results to differ materially
from those indicated by such forward-looking statements, including,
among other factors, the impact of the outbreak of COVID-19 on the
Company’s ability to manage its properties and finance its
operations and on tenants’ ability to operate their businesses,
generate sales and meet their financial obligations, including the
obligation to pay rent; local conditions such as the supply of, and
demand for, retail real estate space in the area; the impact of
e-commerce; dependence on rental income from real property; the
loss of, significant downsizing of or bankruptcy of a major tenant
and the impact of any such event on rental income from other
tenants and our properties; redevelopment and construction
activities may not achieve a desired return on investment; our
ability to buy or sell assets on commercially reasonable terms; our
ability to complete acquisitions or dispositions of assets under
contract; our ability to secure equity or debt financing on
commercially acceptable terms or at all; impairment charges; our
ability to enter into definitive agreements with regard to our
financing and joint venture arrangements and our ability to satisfy
conditions to the completion of these arrangements; valuation and
risks relating to our joint venture and preferred equity
investments; the termination of any joint venture arrangements or
arrangements to manage real property; property damage, expenses
related thereto and other business and economic consequences
(including the potential loss of rental revenues) resulting from
extreme weather conditions or natural disasters in locations where
we own properties, and the ability to estimate accurately the
amounts thereof; sufficiency and timing of any insurance recovery
payments related to damages from extreme weather conditions or
natural disasters; any change in strategy and our ability to
maintain REIT status. For additional factors that could cause the
results of the Company to differ materially from those indicated in
the forward-looking statements, please refer to the Company's most
recent reports on Form 10-K and Form 10-Q. The impacts of COVID-19
may also exacerbate the risks described therein, any of which could
have a material effect on the Company. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200901005850/en/
For additional information: Conor Fennerty, 216-755-5500 EVP and
Chief Financial Officer
SITE Centers (NYSE:SITC)
Historical Stock Chart
From Mar 2024 to Apr 2024
SITE Centers (NYSE:SITC)
Historical Stock Chart
From Apr 2023 to Apr 2024