RMR Mortgage Trust Announces Quarterly Dividend on Common Shares
RMR Mortgage Trust (Nasdaq: RMRM) has announced a quarterly cash distribution of $0.15 per common share, equating to $0.60 annually. This payment will benefit shareholders of record as of April 26, 2021, with distribution scheduled for approximately May 20, 2021. RMRM specializes in first mortgage loans for middle market and transitional commercial real estate, managed by The RMR Group Inc., which oversees $32 billion in assets. Future dividends may vary based on factors like income, cash needs, and overall financial health.
- Quarterly cash distribution of $0.15 per share, providing income for shareholders.
- Strong management by The RMR Group Inc., managing $32 billion in assets.
- Future dividends are not guaranteed and may be decreased or suspended.
- Dividend payments depend on various factors, including historical and projected income.
RMR Mortgage Trust (Nasdaq: RMRM), today announced a regular quarterly cash distribution on its common shares of
RMRM is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. RMRM is managed by an affiliate of The RMR Group Inc. (Nasdaq: RMR). Substantially all of RMR’s business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset management company with
WARNING CONCERNING FORWARD LOOKING STATEMENTS
This press release contains statements that constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward looking statements are based upon RMRM’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond RMRM’s control. For example:
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This press release states that RMRM’s dividend rate will be
$0.15 /share per quarter or$0.60 /share per year. A possible implication of this statement is that RMRM will continuously pay quarterly dividends of$0.15 /share per quarter or$0.60 /share per year in the future. The RMRM Board of Trustees considers many factors when determining whether to declare dividends, including RMRM’s historical and projected income, distributable earnings, the then current and expected needs and availability of cash to pay RMRM's obligations and fund its investments, distributions which may be required to be paid by RMRM to qualify for taxation as a real estate investment trust and other factors deemed relevant by RMRM's Board of Trustees in its discretion. Accordingly, future dividends may be increased or decreased and there is no assurance as to the rate at which future dividends will be paid, and they could decline in amount or be suspended or discontinued.
The information contained in our “Summary of Principal Risk Factors” included in our Current Report on Form 8-K filed on March 24, 2021 with the Securities and Exchange Commission, or SEC, identifies other important factors that could cause RMRM’s actual results to differ materially from those stated in or implied by RMRM’s forward looking statements. RMRM’s filings with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward looking statements.
Except as required by law, RMRM does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.
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