Equity Commonwealth Declares Series D Preferred Dividend

Rhea-AI Summary

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 per Series D Preferred Share, set to be paid on May 17, 2021. This dividend is for shareholders of record as of April 29, 2021, covering the period from February 15, 2021 to May 14, 2021. The company manages a portfolio of 4 commercial office properties totaling 1.5 million square feet. Equity Commonwealth emphasizes keeping investors informed through various channels, including press releases and SEC filings.

Positive

• Quarterly dividend of $0.40625 per Series D Preferred Share indicates ongoing shareholder returns.
• Strong focus on transparency and communication with investors through various disclosure channels.

Negative

• None.

Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the company’s Series D Preferred Shares. A quarterly dividend of $0.40625 per Series D Preferred Share will be paid on May 17, 2021 to shareholders of record on April 29, 2021 for the period from February 15, 2021 through May 14, 2021.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC’s same property portfolio is comprised of 4 properties and 1.5 million square feet.

Regulation FD Disclosures

We intend to use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.eqcre.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures.

Forward-Looking Statements

This press release may contain forward-looking statements and information within the meaning of the federal securities laws. These statements are based on current expectations, estimates, projections and assumptions made by management. While Equity Commonwealth management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks. Other risks and uncertainties are described under the heading “Risk Factors” in our Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC) and available on our website, www.eqcre.com. Many of these uncertainties and risks are difficult to predict and beyond management’s control. Forward-looking statements are not guarantees of future performance, results or events. Equity Commonwealth assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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FAQ

What is the EQC dividend payment date?

The EQC dividend will be paid on May 17, 2021.

What is the amount of the EQC dividend?

The quarterly dividend amount is $0.40625 per Series D Preferred Share.

Who is eligible for the EQC dividend?

Shareholders of record as of April 29, 2021, are eligible for the EQC dividend.

How often does Equity Commonwealth pay dividends?

Equity Commonwealth pays dividends quarterly.

What properties does Equity Commonwealth manage?

Equity Commonwealth manages a same property portfolio of 4 commercial office properties totaling 1.5 million square feet.