Senior Housing Properties Trust Announces Quarterly Dividend on Common Shares

Business Wire 13-Jan-2017 4:01 PM

NEWTON, Mass.--(BUSINESS WIRE)-- Senior Housing Properties Trust (Nasdaq: SNH) today announced a regular quarterly cash distribution on its common shares of $0.39 per common share. This quarterly dividend will be paid to common shareholders of record as of the close of business on January 23, 2017 and distributed on or about February 21, 2017.

Senior Housing Properties Trust is a real estate investment trust, or REIT, which owns senior living communities, medical office buildings and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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 SNHS 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 SNHS CONTROL. FOR EXAMPLE, THIS PRESS RELEASE STATES THAT SNHS REGULAR DIVIDEND RATE WILL BE $0.39/SHARE PER QUARTER. A POSSIBLE IMPLICATION OF THIS STATEMENT IS THAT SNH WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.39/SHARE PER QUARTER IN THE FUTURE. SNHS DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME BY SNHS BOARD OF TRUSTEES. THE SNH BOARD CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND RATES INCLUDING SNHS HISTORICAL AND PROJECTED INCOME, NORMALIZED FUNDS FROM OPERATIONS, THE THEN CURRENT AND EXPECTED NEEDS AND AVAILABILITY OF CASH TO PAY SNHS OBLIGATIONS, DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID TO MAINTAIN SNHS TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER FACTORS DEEMED RELEVANT BY SNHS BOARD OF TRUSTEES IN ITS DISCRETION. 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.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest on the Nasdaq.No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

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Senior Housing Properties Trust Brad Shepherd, 617-796-8234Director, Investor Relations

Source: Senior Housing Properties Trust