RMR Mortgage Trust Announces Quarterly Dividend on Common Shares
RMR Mortgage Trust (Nasdaq: RMRM) announced a quarterly cash distribution of $0.15 per common share, equating to $0.60 annually. This payment will be allocated to shareholders on record by the close of business on July 26, 2021, and is scheduled for distribution around August 19, 2021. RMRM specializes in financing first mortgage loans backed by middle market and transitional commercial real estate, overseen by an affiliate of The RMR Group Inc., which manages $32 billion in assets.
- Quarterly cash distribution of $0.15 per share ($0.60 annually) supports shareholder income.
- Future dividend payments are uncertain and may be decreased or suspended.
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 per common share ($0.60 per share per year). A possible implication of this statement is that RMRM will continuously pay quarterly dividends of$0.15 per share ($0.60 per 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 RMRM’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in RMRM’s periodic reports or incorporated therein, 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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