NEW
YORK, Jan. 3, 2023 /PRNewswire/ -- The Necessity
Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL") announced
today that it intends to continue to pay dividends on its shares of
Class A common stock at an annualized rate of $0.85 per share or $0.2125 per share on a quarterly basis. RTL
anticipates paying dividends authorized by its board of directors
on its shares of Class A common stock on a quarterly basis in
arrears on the 15th day of the first month following the end of
each fiscal quarter (or, if not a business day, the next succeeding
business day) to Class A common stock holders of record on the
record date for such payment.
Accordingly, RTL declared a dividend of $0.2125 per share of Class A common stock payable
on January 17, 2023 to common stock
holders of record at the close of business on January 13, 2023.
About The Necessity Retail REIT
Where America Shops
The Necessity Retail REIT, Inc. (Nasdaq: RTL) is a publicly
traded real estate investment trust listed on the Nasdaq focused on
acquiring and managing a diversified portfolio of primarily
service-oriented and traditional retail and distribution related
commercial real estate properties in the U.S. Additional
information about RTL can be found on its website at
www.necessityretailreit.com.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual
results or events to be materially different. The words "may,"
"will," "seeks," "anticipates," "believes," "expects," "estimates,"
"projects," "plans," "intends," "should" and similar expressions
are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words.
These forward-looking statements are subject to a number of risks,
uncertainties and other factors, many of which are outside of RTL's
control, which could cause actual results to differ materially from
the results contemplated by the forward-looking statements. These
risks and uncertainties include (a) the potential adverse effects
of (i) the ongoing COVID-19 pandemic, including actions taken to
contain or treat COVID-19, and (ii) the geopolitical instability
due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other
penalties imposed by the U.S. and European Union, and the related
impact on RTL, RTL's tenants and the global economy and financial
markets, and (b) that any potential future acquisition is subject
to market conditions and capital availability and may not be
completed on favorable terms, or at all, as well as those risks and
uncertainties set forth in the Risk Factors section of RTL's Annual
Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022, and all other filings with the
Securities and Exchange Commission after that date, as such risks,
uncertainties and other important factors may be updated from time
to time in RTL's subsequent reports. Further, forward-looking
statements speak only as of the date they are made, and RTL
undertakes no obligation to update or revise any forward-looking
statement to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over
time, unless required to do so by law.
Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063
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SOURCE The Necessity Retail REIT, Inc.