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 December 31, 2016 ($1.00
per share per year). This distribution will be paid to RMR’s
shareholders of record as of the close of business on January 23, 2017
and distributed on or about February 21, 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 related operating companies. As of September 30, 2016, The RMR
Group LLC had approximately $26.9 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
52,000 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 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.