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

Rhea-AI Summary

New York City REIT, Inc. (NYSE: NYC) announced its intention to maintain dividends at an annual rate of $0.40 per share, or $0.10 quarterly. A dividend of $0.10 per share is set for July 15, 2021, for stockholders on record as of July 12, 2021. Dividends will be paid quarterly in arrears following the close of each fiscal quarter unless otherwise specified. The company primarily invests in high-quality commercial real estate across New York City's five boroughs.

Positive

• Declared a consistent dividend rate of $0.40 annually, affirming shareholder income.
• Dividend payment scheduled for July 15, 2021, provides immediate returns to investors.

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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 July 15, 2021 to common stock holders of record at the close of business on July 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 most recent Quarterly Report on Form 10-Q for quarter ended March 31, 2021 filed on May 13, 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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FAQ

What is the dividend amount declared by NYC for 2021?

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

When will the next dividend payment occur for NYC shareholders?

The next dividend payment for NYC shareholders will occur on July 15, 2021.

Who is eligible for the NYC dividend payment?

Common stockholders of record as of July 12, 2021, are eligible for the dividend payment.

How often does NYC pay dividends?

New York City REIT pays dividends on a quarterly basis.