RMR Real Estate Income Fund Announces Regular Quarterly Distribution to Common Shareholders
December 06 2018 - 4:10PM
Business Wire
RMR Real Estate Income Fund (NYSE American: RIF) today announced
its regular quarterly distribution to common shareholders. The
distribution of $0.33 per common share will be paid on or about
December 31, 2018 to holders of record of common shares as of the
close of business on December 21, 2018.
RIF declared this quarterly distribution pursuant to its level
rate dividend policy. There is no assurance that RIF will always be
able to pay a distribution of any particular size, or that a
distribution will consist only of net investment income. RIF’s
ability to maintain a level distribution will depend on a number of
factors, including the stability of income received from its
investments, availability of capital gains, distributions paid on
its preferred shares and the level of RIF’s expenses including
interest on RIF’s borrowings. In order to maintain a stable
distribution amount, the distributions announced today, as well as
future distributions, may consist of net investment income,
realized capital gains and return of capital.
In compliance with Section 19 of the Investment Company Act of
1940, a notice will be provided for any distribution that does not
consist solely of net investment income. Such a notice will be for
informational purposes only, and will disclose, among other things,
estimated portions of the distribution, if any, consisting of net
investment income, capital gains and return of capital. Because RIF
has substantial investments in real estate investment trusts, or
REITs, which generally will characterize distributions to their
shareholders, including RIF, subsequent to the end of a calendar
year as ordinary income, net capital gain or return of capital, it
is expected that distributions declared by RIF attributable to its
investments in REITs will be similarly characterized for tax
purposes subsequent to year end. Shareholders should not use the
information provided in this press release or any notice delivered
in compliance with Section 19 of the Investment Company Act of 1940
in preparing their tax returns. Shareholders will receive a Form
1099-DIV for the calendar year indicating how to report
distributions from RIF for U.S. Federal income tax purposes.
RIF is a closed end investment company advised by RMR Advisors
LLC. RMR Advisors LLC is a wholly owned subsidiary of The RMR Group
LLC, an alternative asset management company. The RMR Group LLC is
a majority owned subsidiary of The RMR Group Inc. (Nasdaq: RMR).
The RMR Group Inc. is headquartered in Newton, MA.
WARNINGS REGARDING 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 RIF’S PRESENT INTENT,
BELIEFS AND EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR NUMEROUS REASONS, SOME OF
WHICH ARE BEYOND RIF’S CONTROL. FOR EXAMPLE:
- THIS PRESS RELEASE DESCRIBES RIF’S
DISTRIBUTION OF $0.33 PER SHARE AS A REGULAR QUARTERLY DISTRIBUTION
AND REFERS TO RIF’S LEVEL RATE DIVIDEND POLICY. THE IMPLICATIONS OF
THESE STATEMENTS MAY BE THAT RIF WILL CONSISTENTLY PAY A
DISTRIBUTION OF $0.33 PER SHARE FOR EACH QUARTER. IN FACT, THE
AMOUNT OF DISTRIBUTIONS PAID BY RIF IN THE FUTURE WILL DEPEND
PRIMARILY UPON RIF’S FUTURE EARNINGS. RIF CAN PROVIDE NO ASSURANCE
THAT ITS FUTURE EARNINGS WILL BE SUFFICIENT TO ENABLE RIF TO PAY A
REGULAR QUARTERLY DISTRIBUTION OF $0.33 PER SHARE.
FOR THESE AND OTHER REASONS, INVESTORS SHOULD NOT PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181206005811/en/
Joselyn Fine, Investor Relations Analyst(617)
796-8253www.rmrfunds.com
RMR Real Estate Income (AMEX:RIF)
Historical Stock Chart
From Mar 2024 to Apr 2024
RMR Real Estate Income (AMEX:RIF)
Historical Stock Chart
From Apr 2023 to Apr 2024