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. This dividend will be paid on May 16, 2022, to shareholders on record by April 29, 2022, covering the period from February 15, 2022 to May 14, 2022. Equity Commonwealth is a Chicago-based real estate investment trust (REIT) with a portfolio of four commercial office properties, totaling 1.5 million square feet.

Positive

• Dividend payment of $0.40625 reflects financial stability for shareholders.
• Continued investor returns demonstrate company confidence.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- 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 16, 2022 to shareholders of record on April 29, 2022 for the period from February 15, 2022 through May 14, 2022.

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 portfolio is comprised of 4 properties totaling 1.5 million square feet.

Regulation FD Disclosures

We 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005692/en/

Bill Griffiths, (312) 646-2801

Source: Equity Commonwealth

FAQ

What is the dividend amount declared by EQC?

Equity Commonwealth declared a dividend of $0.40625 per Series D Preferred Share.

When will EQC's dividend be paid?

The dividend will be paid on May 16, 2022.

What is the record date for the EQC dividend?

The record date for the dividend is April 29, 2022.

What period does EQC's dividend cover?

The dividend covers the period from February 15, 2022, to May 14, 2022.

How many properties does EQC own?

Equity Commonwealth owns four commercial office properties.

What is the total square footage of EQC's property portfolio?

The total square footage of EQC's property portfolio is 1.5 million square feet.