CommonWealth REIT Declares Series D and E Preferred Dividends

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CHICAGO, July 25, 2014 /PRNewswire/ -- CommonWealth REIT CWH today announced that its Board of Trustees has declared dividends on the Company's Series D Preferred and Series E Preferred Shares.

An accrued and quarterly dividend of $0.8125 per Series D Preferred Share will be paid on August 15, 2014, to shareholders of record on August 5, 2014. This amount includes the accrued dividend of $0.40625 per share for the period from February 15, 2014, to May 14, 2014, which was not paid because the Company did not have any Trustees at the time the dividend became payable. It also includes the accrued dividend of $0.40625 per share for the period from May 15, 2014, to August 14, 2014. The aggregate amount of $0.8125 per share that will be paid on August 15, 2014, represents the full amount of accrued and unpaid dividends under the Series D Preferred Shares.

An accrued and quarterly dividend of $0.90625 per Series E Preferred Share will be paid on August 15, 2014, to shareholders of record on August 5, 2014. This amount includes the accrued dividend of $0.453125 per share for the period from February 15, 2014, to May 14, 2014, which was not paid because the Company did not have any Trustees at the time the dividend became payable. It also includes the accrued dividend of $0.453125 per share for the period from May 15, 2014, to August 14, 2014. The aggregate amount of $0.90625 per share that will be paid on August 15, 2014, represents the full amount of accrued and unpaid dividends under the Series E Preferred Shares.

With respect to the common dividend, management currently is evaluating its options regarding the appropriate policy.

About CommonWealth REIT

Commonwealth REIT CWH is an internally managed and self-advised real estate investment trust, which primarily owns office buildings located in central business districts and suburban locations across the country, with executive offices in Chicago, Ill.

Forward-Looking Statements

This press release may contain forward-looking statements and information within the meaning of the federal securities laws. These statements, which may include statements regarding CommonWealth's dividend policy, are based on current expectations, estimates, projections and assumptions made by management. While CommonWealth management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks. Other risks and uncertainties are described under the heading "Risk Factors" in our Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC) and available on our website, www.cwhreit.com. Many of these uncertainties and risks are difficult to predict and beyond management's control. Forward-looking statements are not guarantees of future performance, results or events.

Investor and Media Contact

Sarah Byrnes, CommonWealth REIT, (312) 646-2801

SOURCE CommonWealth REIT

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Posted In: Press Releases
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