NEWTON, Mass.--(BUSINESS WIRE)--
The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly
cash dividend on its shares of Class A Common Stock and Class B-1 Common
Stock of $0.25 per share for the quarter ended March 31, 2017 ($1.00 per
share per year). This distribution will be paid to RMR’s shareholders of
record as of the close of business on April 21, 2017 and distributed on
or about May 18, 2017.
The RMR Group Inc. is a holding company and substantially all of its
business is conducted by its majority-owned subsidiary, The RMR Group
LLC. The RMR Group LLC is an alternative asset management company that
primarily provides management services to publicly traded REITs and real
estate operating companies. As of December 31, 2016, The RMR Group LLC
had approximately $27.2 billion of total assets under management,
including more than 1,400 properties and employed over 450 real estate
professionals in more than 30 offices throughout the United States; the
companies managed by The RMR Group LLC collectively had over 53,000
employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
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
RMR’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 RMR’S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT RMR’S REGULAR QUARTERLY DIVIDEND
IS $0.25 PER SHARE ($1.00/SHARE PER YEAR) OF RMR CLASS A COMMON STOCK
AND CLASS B-1 COMMON STOCK. A POSSIBLE IMPLICATION OF THIS STATEMENT IS
THAT RMR WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.25/SHARE PER
QUARTER OR $1.00/SHARE PER YEAR IN THE FUTURE. RMR’S DIVIDEND RATES ARE
SET AND RESET FROM TIME TO TIME BY RMR’S BOARD OF DIRECTORS. THE RMR
BOARD OF DIRECTORS CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND RATES
INCLUDING RMR’S CURRENT AND EXPECTED EARNINGS AS WELL AS THE
AVAILABILITY OF CASH TO FUND DIVIDENDS AS COMPARED TO ALTERNATIVE USES
OF SUCH CASH. ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR
DECREASED AND THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE
DIVIDENDS WILL BE DECLARED AND PAID. FOR THESE REASONS, AMONG OTHERS,
INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD
LOOKING STATEMENTS IN THIS PRESS RELEASE.
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Source: The RMR Group Inc.