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Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.10 per common share ($0.40 per share per year). The distribution declared today will be paid to TRMT’s common shareholders of record as of the close of business on April 26, 2021 and distributed on or about May 20, 2021.
TRMT is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. TRMT 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 more than $32 billion in assets under management and more than 30 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about TRMT, please visit www.trmtreit.com.
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 TRMT’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 TRMT’s control. For example:
This press release states that TRMT’s dividend rate will be $0.10/share per quarter or $0.40/share per year. A possible implication of this statement is that TRMT will continuously pay quarterly dividends of $0.10/share per quarter or $0.40/share per year in the future. The TRMT Board of Trustees considers many factors when determining whether to declare dividends, including TRMT's historical and projected income, distributable earnings, the then current and expected needs and availability of cash to pay TRMT's obligations and fund its investments, distributions which may be required to be paid by TRMT to qualify for taxation as a real estate investment trust and other factors deemed relevant by TRMT'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 dividends will be paid, and they could decline in amount or be suspended or discontinued.
The information contained in TRMT’s filings with the Securities and Exchange Commission, or SEC, including under "Risk Factors" in TRMT’s periodic reports or incorporated therein, identifies other important factors that could cause TRMT’s actual results to differ materially from those stated in or implied by TRMT’s forward looking statements. TRMT’s filings with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue reliance upon forward looking statements.
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.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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Manager, Investor Relations