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

Rhea-AI Summary

New York City REIT, Inc. (NYSE: NYC) has confirmed its commitment to pay dividends of $0.10 per share quarterly, amounting to an annualized rate of $0.40. The next dividend is set for April 15, 2021, for common stockholders of record by April 12, 2021. These dividends will be paid in arrears on the 15th of the first month following each fiscal quarter to shareholders on record. NYC operates a portfolio of premier commercial real estate across New York City's five boroughs.

Positive

• Quarterly dividend of $0.10 per share reflects company confidence in financial stability.
• Annualized dividend rate of $0.40 per share signals commitment to shareholder returns.

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• None.

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 and Class B 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 and Class B common stock payable on April 15, 2021 to common stock holders of record at the close of business on April 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, as such Risk Factors may be updated from time to time in 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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FAQ

What is the dividend payment schedule for NYC?

New York City REIT, Inc. pays dividends quarterly, specifically on the 15th of the first month following each fiscal quarter.

What is the declared dividend amount for NYC?

NYC has declared a dividend of $0.10 per share for its common stock.

When will the next dividend for NYC be paid?

The next dividend payment for NYC is scheduled for April 15, 2021.

Who will receive dividends from NYC?

Common stockholders of record as of April 12, 2021, will receive the dividend payment.

What is the annualized dividend rate for NYC?

The annualized dividend rate for New York City REIT, Inc. is $0.40 per share.