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RMR Mortgage Trust Announces Quarterly Dividend on Common Shares
NEWTON, Mass.--(BUSINESS WIRE)-- RMR Mortgage Trust (Nasdaq: RMRM), today announced a regular quarterly cash distribution on its common shares of $0.15 per
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[{"type":"text","content":" NEWTON, Mass.--(BUSINESS WIRE)--\nRMR 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 July 26, 2021 and distributed on or about August 19, 2021.\n\nRMRM 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 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about RMRM, please visit www.rmrmortgagetrust.com.\n\nWARNING CONCERNING FORWARD LOOKING STATEMENTS\n\nThis 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:\n\n\nThis press release states that RMRM’s dividend rate will be $0.15 per common share ($0.60 per share per year). A possible implication of this statement is that RMRM will continuously pay quarterly dividends of $0.15 per share ($0.60 per 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 divide...