Senior Housing Properties Trust Announces Quarterly Common Dividend
January 11 2016 - 4:15PM
Business Wire
Senior Housing Properties Trust (NYSE: SNH) today announced it
has declared a regular quarterly common share dividend of $0.39 per
common share ($1.56 per share per year). The next quarterly
dividend will be paid to common shareholders of record as of the
close of business on January 22, 2016 and distributed on or about
February 23, 2016.
Senior Housing Properties Trust is a real estate investment
trust, or REIT, which owns senior living communities, medical
office buildings and wellness centers throughout the United States.
SNH is managed by the operating subsidiary of The RMR Group Inc.
(NASDAQ: RMR), an alternative asset management company that is
headquartered in Newton, MA.
WARNING REGARDING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS 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 SNH’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 SNH’S CONTROL. FOR EXAMPLE, THIS PRESS RELEASE
STATES THAT SNH’S DIVIDEND RATE WILL BE $0.39/SHARE PER QUARTER OR
$1.56/SHARE PER YEAR. A POSSIBLE IMPLICATION OF THIS STATEMENT IS
THAT SNH WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.39/SHARE
PER QUARTER OR $1.56/SHARE PER YEAR IN THE FUTURE. SNH’S DIVIDEND
RATES ARE SET AND RESET FROM TIME TO TIME BY SNH’S BOARD OF
TRUSTEES. THE SNH BOARD CONSIDERS MANY FACTORS WHEN SETTING
DIVIDEND RATES INCLUDING SNH’S HISTORICAL AND PROJECTED INCOME,
NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED
NEEDS AND AVAILABILITY OF CASH TO PAY SNH’S OBLIGATIONS,
DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID TO MAINTAIN SNH’S
TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS
DEEMED RELEVANT BY SNH’S BOARD OF TRUSTEES IN THEIR DISCRETION.
ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED
AND THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS
WILL BE PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange.No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
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version on businesswire.com: http://www.businesswire.com/news/home/20160111006434/en/
Senior Housing Properties TrustOlivia Snyder,
617-796-8234Investor Relations Analyst
Senior Housing Properties (NASDAQ:SNH)
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