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

Rhea-AI Summary

New York City REIT, Inc. (NYSE: NYC) announces its commitment to maintain dividends at an annualized rate of $0.40 per share, translating to $0.10 paid quarterly. The next dividend payment is set for April 18, 2022, for shareholders recorded by April 11, 2022. NYC's strategy reflects confidence in its portfolio of high-quality commercial real estate in New York City. The company’s forward-looking statements caution potential risks affecting future results, as outlined in their recent filings.

Positive

• Consistent dividend payment of $0.40 annually, $0.10 quarterly, indicating financial stability.
• Next dividend payment scheduled, enhancing shareholder income.

Negative

• Forward-looking statements highlight potential risks that may affect financial performance.

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 April 18, 2022 to common stock holders of record at the close of business on April 11, 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, 2021 filed on March 18, 2022, 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 rate for New York City REIT (NYSE: NYC)?

New York City REIT (NYSE: NYC) has an annualized dividend rate of $0.40 per share, or $0.10 per quarter.

When is the next dividend payment for NYC shareholders?

The next dividend payment for NYC shareholders is scheduled for April 18, 2022.

What is the record date for the next dividend payment of NYC?

The record date for the next dividend payment is April 11, 2022.

How often does New York City REIT pay dividends?

New York City REIT pays dividends on a quarterly basis.

Are there any risks associated with NYC's future financial performance?

Yes, NYC's forward-looking statements indicate substantial risks and uncertainties that could affect future results.