TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock and Series C Cumulative Redeemable Preferred Stock
September 14 2021 - 04:05PM
Business Wire
TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the
“Company”) today announced that on September 13, 2021, the
Company’s Board of Directors declared a cash dividend of $0.24 per
share of common stock for the third quarter of 2021. The dividend
will be paid on October 22, 2021 to common stockholders of record
as of September 29, 2021.
On September 13, 2021, the Company’s Board of Directors also
declared a cash dividend of $0.4601 per share of 6.25% Series C
Cumulative Redeemable Preferred Stock (the “Series C Preferred”).
The Series C Preferred dividend is payable on September 30, 2021 to
preferred stockholders of record as of September 20, 2021, and will
cover the period from issuance to, but not including, September 30,
2021.
ABOUT TRTX
TPG RE Finance Trust, Inc. is a commercial real estate finance
company that originates, acquires, and manages primarily first
mortgage loans secured by institutional properties located in
primary and select secondary markets in the United States. The
Company is externally managed by TPG RE Finance Trust Management,
L.P., a part of TPG Real Estate, which is the real estate
investment platform of global alternative asset firm TPG. For more
information regarding TRTX, visit https://www.tpgrefinance.com/.
FORWARD-LOOKING STATEMENTS
The information contained in this press release contains
“forward‐looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward‐looking
statements are subject to various risks and uncertainties,
including, without limitation, statements relating to the
performance of the investments of TPG RE Finance Trust, Inc. (the
“Company” or “TRTX”); the ultimate geographic spread, severity and
duration of pandemics such as the novel coronavirus (“COVID-19”),
actions that may be taken by governmental authorities to contain or
address the impact of such pandemics, and the potential negative
impacts of such pandemics on the global economy and the Company's
financial condition and results of operations; the Company's
ability to originate loans that are in the pipeline and under
evaluation by the Company; financing needs and arrangements.
Forward‐looking statements are generally identifiable by use of
forward‐looking terminology such as “may,” “will,” “should,”
“potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,”
“estimate,” “believe,” “could,” “project,” “predict,” “continue” or
other similar words or expressions. Forward‐looking statements are
based on certain assumptions, discuss future expectations, describe
existing or future plans and strategies, contain projections of
results of operations, liquidity and/or financial condition or
state other forward‐looking information. Statements, among others,
relating to the continuing impact of COVID-19 on the Company’s
business, financial condition and results of operations and the
Company’s ability to generate future growth and deliver returns are
forward-looking statements, and the Company cannot assure you that
TRTX will achieve such results. The ability of TRTX to predict
future events or conditions or their impact or the actual effect of
existing or future plans or strategies is inherently uncertain.
Although the Company believes that such forward‐looking statements
are based on reasonable assumptions, actual results and performance
in the future could differ materially from those set forth in or
implied by such forward‐looking statements. You are cautioned not
to place undue reliance on these forward‐looking statements, which
reflect the Company’s views only as of the date of this press
release. Except as required by law, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of the forward‐looking statements appearing in this
press release. The Company does not undertake any obligation to
update any forward-looking statements contained in this press
release as a result of new information, future events or otherwise.
Past performance is not indicative nor a guarantee of future
returns. Yield data are shown for illustrative purposes only and
have limitations when used for comparison or for other purposes due
to, among other matters, volatility, credit or other factors.
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INVESTOR RELATIONS CONTACT
+1 (212) 405-8500 IR@tpgrefinance.com
MEDIA CONTACT
TPG RE Finance Trust, Inc. Courtney Power +1 (415) 743-1550
media@tpg.com
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