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, payable on February 15, 2023, to shareholders recorded on January 31, 2023. This dividend covers the period from November 15, 2022 to February 14, 2023. The company is an internally managed real estate investment trust (REIT) based in Chicago, with a portfolio consisting of 4 properties totaling 1.5 million square feet.

Positive

• Quarterly dividend of $0.40625 per share announced
• Dividend provides a return for shareholders
• Confidence in consistent dividend payments
• Company maintains a stable portfolio of commercial properties

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 February 15, 2023 to shareholders of record on January 31, 2023 for the period from November 15, 2022 through February 14, 2023.

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/20230113005286/en/

Investor Contact

Bill Griffiths, (312) 646-2801

Source: Equity Commonwealth

FAQ

What is the dividend amount declared by Equity Commonwealth?

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

When will the dividend be paid to shareholders of Equity Commonwealth?

The dividend will be paid on February 15, 2023.

What is the record date for Equity Commonwealth's dividend?

The record date for the dividend is January 31, 2023.

For what period is the Equity Commonwealth dividend declared?

The dividend covers the period from November 15, 2022, through February 14, 2023.

How many properties does Equity Commonwealth own?

Equity Commonwealth owns 4 properties totaling 1.5 million square feet.