Seven Hills Realty Trust Announces Quarterly Dividend on Common Shares
October 12 2023 - 8:00AM
Business Wire
Seven Hills Realty Trust (Nasdaq: SEVN) today announced a
regular cash distribution on its common shares of $0.35 per share
($1.40 per share per year). The distribution declared today will be
paid to SEVN’s common shareholders of record as of the close of
business on October 23, 2023 and distributed on or about November
16, 2023.
About Seven Hills Realty Trust
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate
investment trust, or REIT, that originates and invests in first
mortgage loans secured by middle market and transitional commercial
real estate. SEVN is managed by Tremont Realty Capital, an
affiliate of The RMR Group (Nasdaq: RMR), a leading U.S.
alternative asset management company with approximately $36 billion
in assets under management and more than 35 years of institutional
experience in buying, selling, financing and operating commercial
real estate. For more information about SEVN, please visit
www.sevnreit.com.
WARNING CONCERNING 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 SEVN’s present intent, 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 SEVN’s control.
For example, this press release states that SEVN’s quarterly
cash distribution rate is $0.35 per share per quarter or $1.40 per
share per year. A possible implication of this statement is that
SEVN will continue to pay quarterly distributions of $0.35 per
share or $1.40 per share per year in the future. SEVN’s Board of
Trustees considers many factors when setting or resetting SEVN’s
distribution rate, including SEVN’s historical and projected
income, Distributable Earnings, Distributable Earnings per share,
Adjusted Distributable Earnings, Adjusted Distributable Earnings
per share, the then current and expected needs and availability of
cash to pay SEVN's obligations and fund its investments,
distributions which may be required to be paid by SEVN to maintain
SEVN’s qualification for taxation as a real estate investment trust
and other factors deemed relevant by SEVN's Board of Trustees in
its discretion. Accordingly, any future distributions to SEVN’s
shareholders may be increased, decreased, suspended or
discontinued, and SEVN cannot be sure as to the rate at which
future distributions, if any, will be paid.
You should not place undue reliance upon forward-looking
statements.
Except as required by law, SEVN does not intend to update or
change any forward-looking statements as a result of new
information, future events or otherwise.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20231011879878/en/
Kevin Barry, Senior Director, Investor Relations (617)
658-0776
Seven Hills Realty (NASDAQ:SEVN)
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