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 April 30, 2018 and distributed on or about May 21, 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 the U.S. Government and other 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.