NEWTON, Mass.--(BUSINESS WIRE)--
Select Income REIT (NYSE: SIR) today announced a regular quarterly
common share distribution of $0.50 per common share ($2.00 per share per
year). This distribution will be paid to SIR’s common shareholders of
record as of the close of business on October 23, 2015 and distributed
on or about November 19, 2015.
Select Income REIT is a real estate investment trust, or REIT, which
owns properties that are primarily net leased to single tenants. SIR is
headquartered in Newton, MA.
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
SIR'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 SIR'S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT SIR'S DIVIDEND RATE WILL BE
$0.50/SHARE PER QUARTER OR $2.00/SHARE PER YEAR. A POSSIBLE IMPLICATION
OF THIS STATEMENT IS THAT SIR WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS
OF $0.50/SHARE PER QUARTER OR $2.00/SHARE PER YEAR IN THE FUTURE. SIR'S
DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME BY SIR'S BOARD OF
TRUSTEES. THE SIR BOARD CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND
RATES INCLUDING SIR'S HISTORICAL AND PROJECTED INCOME, NORMALIZED FUNDS
FROM OPERATIONS, THE THEN CURRENT AND EXPECTED NEEDS AND AVAILABILITY OF
CASH TO PAY SIR'S OBLIGATIONS, DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE
PAID TO MAINTAIN SIR'S TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND
OTHER FACTORS DEEMED RELEVANT BY SIR'S BOARD OF TRUSTEES IN THEIR
DISCRETION. ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR
DECREASED AND THERE IS NO ASSURANCE REGARDING THE RATE AT WHICH FUTURE
DIVIDENDS WILL BE PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.
No shareholder, Trustee or officer is personally liable for any act
or obligation of the Trust.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013005566/en/
Source: Select Income REIT
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