INDIANAPOLIS, Sept. 29, 2020 /PRNewswire/ -- Simon, a real
estate investment trust engaged in the ownership of premier
shopping, dining, entertainment and mixed-use destinations, today
announced a common stock dividend for the third quarter
2020.
Simon's Board of Directors has declared a $1.30 per common share dividend, payable in cash,
for the third quarter 2020. The dividend will be payable on
October 23, 2020 to shareholders of
record at the close of business on October
9, 2020.
The Company intends to release its financial results for the
quarter ending September 30, 2020 on
November 2, 2020, before market
open.
Forward-Looking Statements
Certain statements made in this press release may be deemed
"forward–looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Although the Company
believes the expectations reflected in any forward–looking
statements are based on reasonable assumptions, the Company can
give no assurance that its expectations will be attained, and it is
possible that the Company's actual results may differ materially
from those indicated by these forward–looking statements due to a
variety of risks, uncertainties and other factors. Such factors
include, but are not limited to: uncertainties regarding the impact
of the COVID-19 pandemic and governmental restrictions intended to
prevent its spread on our tenants' businesses, financial condition,
results of operations, cash flow and liquidity and our ability to
access the capital markets, satisfy our debt service obligations
and make distributions to our stockholders; the inability to
collect rent due to the bankruptcy or insolvency of tenants or
otherwise; changes in economic and market conditions that may
adversely affect the general retail environment; the intensely
competitive market environment in the retail industry; changes to
applicable laws or regulations or the interpretation thereof; risks
associated with the acquisition, development, redevelopment,
expansion, leasing and management of properties; the inability to
lease newly developed properties and renew leases and relet space
at existing properties on favorable terms; the potential loss of
anchor stores or major tenants; decreases in market rental rates;
the impact of our substantial indebtedness on our future
operations; any disruption in the financial markets that may
adversely affect our ability to access capital for growth and
satisfy our ongoing debt service requirements; any change in our
credit rating; changes in market rates of interest and foreign
exchange rates for foreign currencies; general risks related to
real estate investments, including the illiquidity of real estate
investments; security breaches that could compromise our
information technology or infrastructure; risks relating to our
joint venture properties; our continued ability to maintain our
status as a REIT; changes in tax laws or regulations that result in
adverse tax consequences; changes in the value of our investments
in foreign entities; our ability to hedge interest rate and
currency risk; changes in insurance costs; the availability of
comprehensive insurance coverage; natural disasters; the potential
for terrorist activities; environmental liabilities; the loss of
key management personnel; and the transition of LIBOR to an
alternative reference rate. The Company discusses these and other
risks and uncertainties under the heading "Risk Factors" in its
annual and quarterly periodic reports filed with the SEC. The
Company may update that discussion in subsequent other periodic
reports, but except as required by law, the Company undertakes no
duty or obligation to update or revise these forward-looking
statements, whether as a result of new information, future
developments, or otherwise.
About Simon
Simon is a real estate investment trust
engaged in the ownership of premier shopping, dining, entertainment
and mixed-use destinations and an S&P 100 company (Simon
Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for
millions of people every day and generate billions in annual
sales.
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SOURCE Simon