Equity Commonwealth Declares Series D Preferred Dividend

Rhea-AI Summary

Equity Commonwealth (NYSE: EQC) has declared a quarterly dividend of $0.40625 on its Series D Preferred Shares. This dividend will be paid on February 16, 2021, to shareholders recorded on January 28, 2021, covering the period from November 15, 2020 to February 14, 2021. EQC operates as a self-advised real estate investment trust focused on commercial office properties, managing 4 properties totaling 1.5 million square feet.

Positive

• Quarterly dividend of $0.40625 per Series D Preferred Share enhances income for shareholders.
• Continued focus on commercial properties reflects company confidence.

Negative

• Risks associated with forward-looking statements may affect future performance.
• -

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 16, 2021 to shareholders of record on January 28, 2021 for the period from November 15, 2020 through February 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005946/en/

FAQ

What is the dividend amount declared by EQC?

The dividend amount declared by EQC is $0.40625 per Series D Preferred Share.

When will EQC pay its dividend?

EQC will pay its dividend on February 16, 2021.

What is the record date for EQC's dividend?

The record date for EQC's dividend is January 28, 2021.

What properties does EQC manage?

EQC manages 4 commercial office properties comprising 1.5 million square feet.

Where can I find more information about EQC's financial status?

More information about EQC's financial status can be found on their website at www.eqcre.com.