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 for payment on August 16, 2021. This dividend will benefit shareholders of record as of July 30, 2021, covering the period from May 15, 2021, to August 14, 2021. Equity Commonwealth is a real estate investment trust based in Chicago, managing a portfolio of four commercial office properties totaling 1.5 million square feet.

Positive

• Declared quarterly dividend of $0.40625 per Series D Preferred Share.
• Dividend payment scheduled for August 16, 2021, providing income for shareholders.

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 August 16, 2021 to shareholders of record on July 30, 2021 for the period from May 15, 2021 through August 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 portfolio is comprised of 4 properties totaling 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 dividend amount declared by Equity Commonwealth?

Equity Commonwealth has 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 August 16, 2021, to shareholders of record as of July 30, 2021.

What are the details of the dividend period for Equity Commonwealth's Series D Preferred Shares?

The dividend covers the period from May 15, 2021, to August 14, 2021.

How many properties does Equity Commonwealth own?

Equity Commonwealth manages a portfolio of four commercial office properties totaling 1.5 million square feet.