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Tremont Mortgage Trust Announces its First Dividend on Common SharesTremont Mortgage Trust (Nasdaq: TRMT) today announced its first distribution on its common shares of $0.11 per common share. This first distribution is a partial distribution considering the timing of the closings of the seven investments made to date. TRMT expects to declare and pay a full distribution to common shareholders of $0.20 to $0.24 per common share beginning in the second quarter of 2019, after the anticipated closing of its three pending investments in the first quarter of 2019. The distribution declared today will be paid to TRMT's common shareholders of record as of the close of business on January 28, 2019 and distributed on or about February 21, 2019. Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focuses primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by Tremont Realty Advisors LLC, an SEC (News - Alert) registered investment adviser and an indirect subsidiary of The RMR Group Inc. WARNING REGARDING FORWARD LOOKING STATEMENTS THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORMÂ ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON TRMT'S PRESENT BELIEFS AND EXPECTTIONS, 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 TRMT'S CONTROL. FOR EXAMPLE:
FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE. EXCEPT AS REQUIRED BY LAW, TRMT DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq. View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005040/en/ |