The RMR Group Announces Quarterly Dividend on Common Shares
October 12 2023 - 8:00AM
Business Wire
The RMR Group Inc. (Nasdaq: RMR) today announced a regular
quarterly cash distribution on its shares of Class A Common Stock
and Class B-1 Common Stock of $0.40 per share ($1.60 per share per
year). This distribution will be paid to RMR’s shareholders of
record as of the close of business on October 23, 2023 and
distributed on or about November 16, 2023.
About The RMR Group
The RMR Group is a leading U.S. alternative asset management
company, unique for its focus on commercial real estate (CRE) and
related businesses. RMR’s vertical integration is supported by over
600 real estate professionals in more than 30 offices nationwide
who manage approximately $36 billion in assets under management and
leverage more than 35 years of institutional experience in buying,
selling, financing and operating CRE. RMR benefits from a scalable
platform, a deep and experienced management team and a diversity of
direct real estate strategies across its clients. RMR is
headquartered in Newton, MA and was founded in 1986. For more
information, please visit www.rmrgroup.com.
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 RMR’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 RMR’s control.
For example, this press release states that RMR’s quarterly
dividend will be $0.40 per share ($1.60 per share per year) on RMR
Class A Common Stock and Class B-1 Common Stock. A possible
implication of this statement is that RMR will continuously pay
quarterly dividends of $0.40 per share per quarter or $1.60 per
share per year in the future. RMR’s dividend rates are set and
reset from time to time by RMR’s Board of Directors. The RMR Board
of Directors considers many factors when setting dividend rates
including RMR’s current and expected earnings, commitments to fund
its investments and the availability of cash to fund dividends as
compared to alternative uses of such cash. Accordingly, future
dividend rates may be increased or decreased and there is no
assurance as to the rate at which future dividends will be declared
and paid.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward looking statements in this
press release. Except as required by law, RMR 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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version on businesswire.com: https://www.businesswire.com/news/home/20231011648261/en/
Kevin Barry, Senior Director, Investor Relations (617)
796-8230
RMR (NASDAQ:RMR)
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