Equity Commonwealth Declares Series D Preferred Dividend

Rhea-AI Summary

Equity Commonwealth (NYSE: EQC) announced a quarterly dividend of $0.40625 per Series D Preferred Share, payable on November 15, 2022. Shareholders of record on October 31, 2022 will receive this payment for the period from August 15, 2022 through November 14, 2022. The company, based in Chicago, manages commercial office properties across the United States, with a portfolio totaling 1.5 million square feet.

Positive

• Quarterly dividend of $0.40625 per Series D Preferred Share announced.
• Dividend payable on November 15, 2022, indicates cash flow stability.

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 November 15, 2022 to shareholders of record on October 31, 2022 for the period from August 15, 2022 through November 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/20221014005266/en/

Investor Contact

Bill Griffiths, (312) 646-2801

Source: Equity Commonwealth

FAQ

What is the amount of the dividend declared by EQC?

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

When is the EQC dividend payment date?

The dividend payment date for EQC is November 15, 2022.

Who will receive the EQC dividend?

Shareholders of record on October 31, 2022, will receive the EQC dividend.

What period does the EQC dividend cover?

The dividend covers the period from August 15, 2022, through November 14, 2022.