NEWTON, Mass.--(BUSINESS WIRE)--
Office
Properties Income Trust (Nasdaq: OPI) today announced a regular
quarterly cash distribution on its common shares of $0.55 per common
share ($2.20 per share per year). This distribution will be paid to
OPI’s common shareholders of record as of the close of business on April
29, 2019 and distributed on or about May 16, 2019.
Office Properties Income Trust is a real estate investment trust, or
REIT, focused on owning, operating and leasing buildings primarily
leased to single tenants and those with high credit quality
characteristics like government entities. OPI 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
OPI’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 OPI’s control. For
example, this press release states that OPI’s dividend rate will be
$0.55/share per quarter or $2.20/share per year. A possible implication
of this statement is that OPI will continuously pay quarterly dividends
of $0.55/share per quarter or $2.20/share per year in the future. OPI’s
dividend rates are set and reset from time to time by OPI’s Board of
Trustees. The OPI Board considers many factors when setting dividend
rates including OPI’s historical and projected income, normalized funds
from operations, cash available for distribution, the then current and
expected needs and availability of cash to pay OPI’s obligations and
fund OPI’s investments, distributions which may be required to be paid
to maintain OPI’s tax status as a real estate investment trust and other
factors deemed relevant by OPI’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. Except as required by law, OPI does not intend to update 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190418005166/en/
Olivia Snyder, Manager, Investor Relations
(617) 219-1410
www.opireit.com
Source: Office Properties Income Trust