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
October 29, 2018 and distributed on or about November 19, 2018.
Government Properties Income Trust is a real estate investment trust, or
REIT, which primarily owns properties located throughout the United
States that are majority leased to government tenants and office
properties in the metropolitan Washington, D.C. market area that are
leased to government and private sector tenants. 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 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 THEIR
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:
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Government Properties Income Trust
Brad Shepherd, 617-219-1410
Senior
Director, Investor Relations
www.govreit.com
Source: Government Properties Income Trust