Skip to main content

Market Overview

RMR Mortgage Trust Announces Quarterly Dividend on Common Shares

Share:

RMR Mortgage Trust (NASDAQ:RMRM), today announced a regular quarterly cash distribution on its common shares of $0.15 per common share ($0.60 per share per year). The distribution declared today will be paid to RMRM's common shareholders of record as of the close of business on April 26, 2021 and distributed on or about May 20, 2021.

RMRM is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. RMRM is managed by an affiliate of The RMR Group Inc. (NASDAQ:RMR). Substantially all of RMR's business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset management company with $32 billion in assets under management and more than 30 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about RMRM, please visit www.rmrmortgagetrust.com.

WARNING CONCERNING 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 RMRM'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 RMRM's control. For example:

  • This press release states that RMRM's dividend rate will be $0.15/share per quarter or $0.60/share per year. A possible implication of this statement is that RMRM will continuously pay quarterly dividends of $0.15/share per quarter or $0.60/share per year in the future. The RMRM Board of Trustees considers many factors when determining whether to declare dividends, including RMRM's historical and projected income, distributable earnings, the then current and expected needs and availability of cash to pay RMRM's obligations and fund its investments, distributions which may be required to be paid by RMRM to qualify for taxation as a real estate investment trust and other factors deemed relevant by RMRM's Board of Trustees in its discretion. Accordingly, future dividends may be increased or decreased and there is no assurance as to the rate at which future dividends will be paid, and they could decline in amount or be suspended or discontinued.

The information contained in our "Summary of Principal Risk Factors" included in our Current Report on Form 8-K filed on March 24, 2021 with the Securities and Exchange Commission, or SEC, identifies other important factors that could cause RMRM's actual results to differ materially from those stated in or implied by RMRM's forward looking statements. RMRM's filings with the SEC are available on the SEC's website at www.sec.gov.

You should not place undue reliance upon forward looking statements.

Except as required by law, RMRM does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.

 

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com