NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (Nasdaq: GOV) today announced a
regular quarterly cash distribution on its common shares of $0.43 per
common share ($1.72 per share per year). This distribution will be paid
to GOV’s common shareholders of record as of the close of business on
January 23, 2017 and distributed on or about February 23, 2017.
Government Properties Income Trust is a real estate investment trust, or
REIT, which owns properties leased primarily to the U.S. Government and
state governments located throughout the United States. GOV is managed
by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an
alternative asset management company that 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
GOV’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 GOV’S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT GOV’S REGULAR DIVIDEND RATE WILL
BE $0.43/SHARE PER QUARTER OR $1.72/SHARE PER YEAR. A POSSIBLE
IMPLICATION OF THIS STATEMENT IS THAT GOV WILL CONTINUOUSLY PAY
QUARTERLY DIVIDENDS OF $0.43/SHARE PER QUARTER OR $1.72/SHARE PER YEAR
IN THE FUTURE. GOV’S DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME
BY GOV’S BOARD OF TRUSTEES. THE GOV BOARD CONSIDERS MANY FACTORS WHEN
SETTING DIVIDEND RATES INCLUDING GOV’S HISTORICAL AND PROJECTED INCOME,
NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED NEEDS
AND AVAILABILITY OF CASH TO PAY GOV’S OBLIGATIONS, DISTRIBUTIONS WHICH
MAY BE REQUIRED TO BE PAID TO MAINTAIN GOV’S TAX STATUS AS A REAL ESTATE
INVESTMENT TRUST AND OTHER FACTORS DEEMED RELEVANT BY GOV’S BOARD OF
TRUSTEES IN ITS DISCRETION. ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE
INCREASED OR DECREASED AND THERE IS NO ASSURANCE AS TO 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 Nasdaq.
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/20170113005445/en/
Source: Government Properties Income Trust