VEREIT Announces Monthly Series F Preferred Stock Dividend for October 2018 through December 2018

PRNewswire 10-Aug-2018 4:15 PM

VEREIT® Announces Monthly Series F Preferred Stock Dividend for October 2018 through December 2018

PR Newswire

PHOENIX, Aug. 10, 2018 /PRNewswire/ -- VEREIT, Inc. (NYSE:VER) announced that its Board of Directors declared a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share ("Series F Preferred Stock"), for October 2018 through December 2018 in respect of the periods included in the table below. The corresponding record and payment dates for each month's Series F Preferred Stock dividend are also shown in the table below.  The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.

Period


Record Date


Payment Date

September 15, 2018 – October 14, 2018


October 1, 2018


October 15, 2018

October 15, 2018 – November 14, 2018


November 1, 2018


November 15, 2018

November 15, 2018 – December 14, 2018


December 1, 2018


December 17, 2018

About the Company
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.3 billion including approximately 4,000 properties and 94.6 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. Additional information about VEREIT can be found on its website at www.VEREIT.com and through social media platforms such as Twitter and LinkedIn.

Forward-Looking Statements

Information set forth herein contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which reflect VEREIT's expectations regarding future events and plans, VEREIT's future financial condition, results of operations and business including VEREIT's Series F Preferred Stock dividends and VEREIT's ability to timely pay the dividends at the announced rate. The forward-looking statements involve a number of assumptions, risks, uncertainties and other factors which are difficult to predict, may be beyond the Company's control and could cause actual results to differ materially from those contained in the forward-looking statements. Generally, the words "expects," "anticipates," "assumes," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," "could," "continues" and variations of such words and similar expressions identify forward-looking statements. Factors that may affect future results are contained in VEREIT's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. VEREIT disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of changes in underlying assumptions or factors, new information, future events or otherwise, except as required by law.

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S.

 

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SOURCE VEREIT, Inc.

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