Skip to main content

Cautionary Language

The information appearing on OPI’s website includes statements which constitute forward looking statements. These forward looking statements are based upon OPI’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. OPI’s actual results may differ materially from those contained in OPI’s forward looking statements. The information contained in OPI’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in OPI’s periodic reports and other filings, identifies important factors that could cause OPI’s actual results to differ materially from those stated in OPI’s forward looking statements. OPI’s filings with the SEC are available on the SEC’s website at www.sec.gov (opens in new window) and are also accessible on OPI’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. OPI does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

Ok

News Release Details

View all news

The RMR Group Announces the Transfer of its Managed REITs’ and Real Estate Operating Companies’ Securities Listings to Nasdaq Stock Market

06/20/2016
Download this Press Release PDF Format (opens in new window) PDF

Trading of Six Companies expected to begin on Friday, July 1, 2016

NEWTON, Mass. --(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq:RMR) today announced that the listings of the common shares, preferred shares, notes and senior notes of the real estate investment trusts (“REITs”) and real estate operating companies it manages will transfer to the Nasdaq Stock Market ("Nasdaq") from the New York Stock Exchange (" NYSE "). The transfer includes securities issued by Five Star Quality Care, Inc. (NYSE:FVE), Government Properties Income Trust (NYSE:GOV), Hospitality Properties Trust (NYSE:HPT), Select Income REIT (NYSE:SIR), Senior Housing Properties Trust (NYSE:SNH) and TravelCenters of America LLC (NYSE:TA).

“The RMR Group managed companies are pleased to announce the transfer of their securities listings to the Nasdaq,” said Adam Portnoy , President and Chief Executive Officer of The RMR Group Inc. “We believe the Nasdaq will provide our managed companies with efficient trading and other high quality services on a cost effective basis.”

“Nasdaq is proud to have earned the business and support of these six companies and to be expanding our existing relationship with The RMR Group . We look forward to a long and successful relationship,” said Adena Friedman , President and Chief Operating Officer, Nasdaq.

The securities of the REITs and real estate operating companies are expected to begin trading on the Nasdaq on Friday, July 1, 2016 . The securities will continue to trade on the NYSE until the transfers are complete. The ticker symbols for the issues and sub-issues will be as follows:

Five Star Quality Care, Inc.
Common = FVE

Government Properties Income Trust
Common = GOV
5.875% Senior Notes due 2046 = GOVNI (NYSE: GOVN)

Hospitality Properties Trust
Common = HPT
Preferred = HPTRP (NYSE: HPT-PD)

Select Income REIT
Common = SIR

Senior Housing Properties Trust
Common = SNH
5.625% Senior Notes due 2042 = SNHNI (NYSE: SNHN)
6.250% Senior Notes due 2046 = SNHNL (NYSE: SNHO)

TravelCenters of America LLC
Common = TA
8.25% Senior Notes due 2028 = TANNI (NYSE: TANN)
8.00% Senior Notes due 2029 = TANNL (NYSE: TANO)
8.00% Senior Notes due 2030 = TANNZ (NYSE: TANP)

About The RMR Group :

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC . The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate operating companies. As of March 31, 2016 , The RMR Group LLC had approximately $22 billion of real estate assets under management, including more than 1,300 properties, and employed over 400 real estate professionals in 25 offices throughout the United States ; the companies managed by The RMR Group LLC collectively had over 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts .

Five Star Quality Care, Inc. :

Five Star Quality Care, Inc. is a senior living and healthcare services company that owns, leases and manages senior living communities, including primarily private pay independent and assisted living communities located throughout the United States . FVE is headquartered in Newton, Massachusetts .

Government Properties Income Trust :

Government Properties Income Trust is a REIT which owns properties leased primarily to the U.S. Government and state governments located throughout the United States . GOV is headquartered in Newton, Massachusetts .

Hospitality Properties Trust :

Hospitality Properties Trust is a REIT which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada . HPT’s properties are operated under long term management or lease agreements with major hotel brand owners and a travel centers operator. HPT is headquartered in Newton, Massachusetts .

Select Income REIT :

Select Income REIT is a REIT which owns properties that are primarily net leased to single tenants, including leased lands in Hawaii . SIR is headquartered in Newton, MA.

Senior Housing Properties Trust :

Senior Housing Properties Trust is a REIT which owns senior living communities, medical office buildings and wellness centers throughout the United States . SNH is headquartered in Newton, MA.

TravelCenters of America LLC :

TravelCenters of America LLC operates travel centers, convenience stores and restaurants in 43 states and Canada , under the TA® and Petro Stopping Centers® travel center brands, the Minit Mart® convenience store brand and the Quaker Steak & Lube® and other restaurant brands. TA has headquarters operations in Westlake, OH and Newton, MA.

WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS STATEMENTS WHICH CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER THE COMPANIES REFERENCED HEREIN OR THEIR REPRESENTATIVES USE WORDS SUCH AS BELIEVE, EXPECT, ANTICIPATE, INTEND, MAY, WILL OR SIMILAR EXPRESSIONS THEY ARE MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON PRESENT INTENTIONS OR EXPECTATIONS, BUT THEY MAY NOT OCCUR FOR VARIOUS REASONS INCLUDING SOME BEYOND THE CONTROL OF THESE COMPANIES. FOR EXAMPLE, THE STATEMENT THAT THE RMR GROUP INC. BELIEVES THAT THE NASDAQ CAN AND WILL PROVIDE THE MANAGED COMPANIES EFFICIENT TRADING AND OTHER HIGH QUALITY SERVICES ON A COST EFFECTIVE BASIS IS BASED UPON SUBJECTIVE COMPARISONS WITH OTHER SERVICES KNOWN TO BE AVAILABLE AND HISTORICAL COSTS INCURRED BY THE MANAGED COMPANIES, BUT THOSE FACTORS, INCLUDING THE TYPES AND QUALITY OF SERVICES AVAILABLE AND THE COMPARATIVE COSTS, MAY CHANGE. THIS PRESS RELEASE ALSO STATES THAT THE SHARES AND THE NOTES OF EACH MANAGED COMPANY ARE EXPECTED TO BEGIN TRADING ON THE NASDAQ ON JULY 1, 2016 ; HOWEVER, THE COMMENCEMENT OF TRADING OF THE SHARES AND/OR THE NOTES MAY BE DELAYED OR MAY NOT OCCUR.

YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

EXCEPT AS REQUIRED BY LAW, THE RMR GROUP INC. AND THE MANAGED COMPANIES DO NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

 

Source: The RMR Group Inc.

Categories: Press Releases
View all news