Senior Housing Properties Trust (NYSE: SNH) today announced it has
declared a regular quarterly common share dividend of $0.39 per common
share ($1.56 per share per year). The quarterly dividend will be paid to
common shareholders of record as of the close of business on October 17,
2013 and distributed on or about November 21, 2013.
Senior Housing Properties Trust is a real estate investment trust, or
REIT, which owns independent and assisted living communities, medical
office buildings, nursing homes, and wellness centers throughout the
United States. SNH is headquartered in Newton, MA.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS 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
SNH’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 SNH’S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT SNH’S DIVIDEND RATE WILL BE
$0.39/SHARE PER QUARTER OR $1.56/SHARE PER YEAR. A POSSIBLE IMPLICATION
OF THIS STATEMENT IS THAT SNH WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS
OF $0.39/SHARE PER QUARTER OR $1.56/SHARE PER YEAR IN THE FUTURE. SNH’S
DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME BY SNH’S BOARD OF
TRUSTEES. THE SNH BOARD CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND
RATES INCLUDING SNH’S HISTORICAL AND PROJECTED INCOME, NORMALIZED FUNDS
FROM OPERATIONS, THE THEN CURRENT AND EXPECTED NEEDS AND AVAILABILITY OF
CASH TO PAY SNH’S OBLIGATIONS, DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE
PAID TO MAINTAIN SNH’S TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND
OTHER FACTORS DEEMED RELEVANT BY SNH’S BOARD OF TRUSTEES IN THEIR
DISCRETION. ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR
DECREASED AND THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE
DIVIDENDS WILL BE PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
Copyright Business Wire 2013