Tremont Mortgage Trust Announces One-Time Cash Distribution of $0.53 Per Common Share
07 Diciembre 2020 - 7:00AM
Business Wire
Tremont Mortgage Trust (Nasdaq: TRMT) today announced a one-time
cash distribution on its common shares of $0.53 per common share.
TRMT’s Board of Trustees has declared this distribution in order to
pay out sufficient taxable income to maintain TRMT’s tax status as
a real estate investment trust. The distribution declared today
will be paid to TRMT’s common shareholders of record as of the
close of business on December 17, 2020 and distributed on or about
January 15, 2021. Including this special dividend, TRMT will have
paid or declared $0.78 per common share during 2020.
Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance
company that focuses primarily on originating and investing in
first mortgage loans secured by middle market and transitional
commercial real estate. TRMT is managed by Tremont Realty Advisors
LLC, an SEC registered investment adviser and an indirect
subsidiary of The RMR Group Inc.
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 TRMT’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 TRMT’s control. For example:
- This press release states that TRMT will pay a one-time cash
distribution of $0.53 per common share. TRMT’s distributions and
distribution rate are set from time to time by its Board of
Trustees. The timing, amount, and form of future distributions will
be determined at the discretion of TRMT’s Board of Trustees and
will depend upon various factors that its Board of Trustees deems
relevant, including TRMT’s historical and projected income, its
Core Earnings, the then-current and expected needs and availability
of cash to pay its obligations and fund its investments,
distributions which may be required to be paid to maintain TRMT’s
qualification for taxation as a real estate investment trust,
limitations on distributions contained in TRMT’s financing
arrangements and other factors deemed relevant by TRMT’s Board of
Trustees, in its discretion.
The information contained in TRMT’s filings with the SEC,
including under “Risk Factors” in TRMT’s periodic reports or
incorporated therein, identifies other important factors that could
cause TRMT’s actual results to differ materially from those stated
in or implied by TRMT’s forward looking statements. TRMT’s filings
with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward looking
statements.
Except as required by law, TRMT does not intend to update or
change any forward looking statements as a result of new
information, future events or otherwise.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20201207005095/en/
Kevin Barry, Manager, Investor Relations (617) 796-7651
www.trmtreit.com
Tremont Mortgage (NASDAQ:TRMT)
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