New York City REIT, Inc. Announces Common Stock Dividend for Fourth Quarter 2021

Rhea-AI Summary

New York City REIT, Inc. (NYSE: NYC) has announced a continuation of its quarterly dividends, declaring $0.10 per share, amounting to an annualized rate of $0.40. The dividends will be payable on October 15, 2021, to shareholders on record as of October 12, 2021. This commitment highlights NYC's focus on returning value to investors while managing a portfolio of high-quality commercial real estate in New York City.

Positive

• Dividend of $0.10 per share demonstrates shareholder value.
• Annualized dividend rate increased to $0.40.

Negative

• 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 October 15, 2021 to common stock holders of record at the close of business on October 12, 2021.

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, NYC’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 filed on May 13, 2021, NYC’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 filed August 12, 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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Source: New York City REIT, Inc.

FAQ

What is the dividend amount declared by New York City REIT, Inc. for Q4 2021?

New York City REIT, Inc. declared a dividend of $0.10 per share for Q4 2021.

When is the dividend payment date for New York City REIT, Inc.?

The dividend payment date is set for October 15, 2021.

Who is eligible to receive the dividend from New York City REIT, Inc.?

Shareholders on record as of October 12, 2021, are eligible to receive the dividend.

What is the frequency of dividends paid by New York City REIT, Inc.?

Dividends are paid quarterly.