New York City REIT, Inc. Announces Common Stock Dividend for First Quarter 2022

Rhea-AI Summary

New York City REIT, Inc. (NYSE: NYC) has declared a quarterly dividend of $0.10 per share on its Class A common stock, amounting to an annualized rate of $0.40. This dividend will be payable on January 18, 2022, to stockholders on record as of January 13, 2022. NYC reaffirmed its commitment to continue paying dividends on a quarterly basis, which indicates stability in its financial performance despite the uncertainties in the real estate market.

Positive

• Quarterly dividend of $0.10 per share, signaling company confidence.
• Annualized dividend rate of $0.40 per share enhances shareholder income.

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• None.

NEW YORK--(BUSINESS WIRE)-- New York City REIT, Inc. (NYSE: NYC) (“NYC”) announced today that it intends to continue to pay dividends on its shares of Class A common stock at an annualized rate of $0.40 per share or $0.10 per share on a quarterly basis. NYC anticipates paying dividends authorized by its board of directors on its shares of common stock on a quarterly basis in arrears on the 15^th day of the first month following the end of each fiscal quarter (unless otherwise specified) to common stock holders of record on the record date for such payment.

Accordingly, NYC declared a dividend of $0.10 per share on each share of NYC’s Class A common stock payable on January 18, 2022 to common stock holders of record at the close of business on January 13, 2022.

About New York City REIT, Inc.

New York City REIT, Inc. is a publicly traded REIT that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City. Additional information about NYC can be found on its website at www.newyorkcityreit.com.

Forward-Looking Statements

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve substantial risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “would,” or similar expressions indicate a forward-looking statement, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of NYC’s most recent Annual Report on Form 10-K for the year ended December 31, 2020 filed on March 29, 2021, and all other filings filed with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in NYC’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and NYC undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, except as required by law.

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Investor Relations

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Source: New York City REIT, Inc.

FAQ

What is the dividend amount for New York City REIT, Inc. (NYC)?

New York City REIT, Inc. (NYSE: NYC) has declared a quarterly dividend of $0.10 per share.

When will the next dividend be paid by NYC?

The next dividend will be payable on January 18, 2022.

What is the annualized dividend rate for NYC stock?

The annualized dividend rate for NYC is $0.40 per share.

Who will receive the dividend payment from NYC?

Stockholders of record on January 13, 2022, will receive the dividend payment.

How often does NYC pay dividends?

New York City REIT, Inc. pays dividends on a quarterly basis.