NEWTON, Mass., Sep 21, 2009 (BUSINESS WIRE) -- RMR Real Estate Income Fund (NYSE Amex: RIF) today announced its regular
quarterly distribution to common shareholders. The distribution of $0.40
per common share will be paid on or about October 15, 2009 to holders of
record of common shares as of the close of business on October 1, 2009.
This is RIF's first distribution following the reorganizations of five
RMR closed end funds into RIF that were completed on June 23, 2009.
The quarterly distribution has been declared pursuant to RIF's level
rate dividend policy. There is no assurance that RIF will always be able
to pay a distribution of any particular size, or that a distribution
will consist only of net investment income. RIF's ability to maintain a
level distribution will depend on a number of factors, including the
stability of income received from its investments, availability of
capital gains, distributions paid on preferred shares and the level of
RIF's expenses. Due to an effort to maintain a stable distribution
amount, the distributions announced today, as well as future
distributions, may consist of net investment income, realized capital
gains and return of capital.
In compliance with Section 19 of the Investment Company Act of 1940, a
notice will be provided for any distribution that does not consist
solely of net investment income. Such a notice will be for informational
purposes only, and will disclose, among other things, estimated portions
of the distribution, if any, consisting of net investment income,
capital gains and return of capital. No such notice will be included
with the distribution announced today because, based upon information
currently available to RIF, RIF believes this distribution consists
solely of income received from its investments. Because RIF has
substantial investments in real estate investment trusts, or REITs,
which generally will classify distributions to RIF subsequent to the end
of a calendar year as ordinary income, net capital gain or return of
capital, it is expected that distributions declared by RIF will be
similarly characterized for tax purposes subsequent to year end.
Shareholders should not use the information provided in this press
release or any notice delivered in compliance with Section 19 of the
Investment Company Act of 1940 in preparing their tax returns.
Shareholders will receive a Form 1099-DIV for the calendar year
indicating how to report distributions from RIF for Federal income tax
purposes.
RIF is a closed end investment company advised by RMR Advisors, Inc., an
affiliate of Reit Management & Research LLC. Reit Management & Research
LLC and its affiliates have been in business since 1986.
WARNINGS 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 FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON RIF'S PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR NUMEROUS REASONS, SOME OF
WHICH ARE BEYOND RIF'S CONTROL. FOR EXAMPLE:
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THIS PRESS RELEASE DESCRIBES THE DISTRIBUTION OF $0.40 PER SHARE AS A
REGULAR QUARTERLY DISTRIBUTION AND REFERS TO RIF'S LEVEL RATE DIVIDEND
POLICY. THE IMPLICATIONS OF THESE STATEMENTS MAY BE THAT RIF WILL
CONSISTENTLY PAY A DIVIDEND OF $0.40 PER SHARE FOR EACH QUARTER. IN
FACT, THE AMOUNT OF DIVIDENDS PAID BY RIF IN THE FUTURE WILL DEPEND
PRIMARILY UPON RIF'S FUTURE EARNINGS. IN THE PAST, THE PREDECESSOR
FUNDS WHICH WERE REORGANIZED TO CREATE RIF HAVE LOWERED THEIR DIVIDEND
RATES AND RIF CAN PROVIDE NO ASSURANCE THAT ITS FUTURE EARNINGS WILL
BE SUFFICIENT TO ENABLE RIF TO PAY A REGULAR QUARTERLY DIVIDEND OF
$0.40 PER SHARE.
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THIS PRESS RELEASE STATES THAT RIF BELIEVES THE DISTRIBUTION DESCRIBED
IN THIS PRESS RELEASE CONSISTS SOLELY OF INCOME RECEIVED FROM ITS
INVESTMENTS. AS NOTED IN THE PRESS RELEASE, THE DIVIDENDS WHICH RIF
HAS RECEIVED FROM ITS INVESTMENTS IN REITS MAY BE CHARACTERIZED BY
THOSE REITS DIFFERENTLY THAN RIF NOW EXPECTS. FOR THIS REASON, AMONG
OTHERS, SOME OF THE DISTRIBUTION DESCRIBED IN THIS PRESS RELEASE MAY
CONSIST OF CAPITAL GAINS OR RETURN OF CAPITAL.
FOR THESE AND OTHER REASONS, INVESTORS SHOULD NOT PLACE UNDUE RELIANCE
UPON FORWARD LOOKING STATEMENTS.
SOURCE: RMR Real Estate Income Fund
RMR Real Estate Income Fund
Timothy A. Bonang, 617-796-8253
Director of Investor Relations
or
Carlynn Finn, 617-796-8253
Manager of Investor Relations
www.rmrfunds.com
Copyright Business Wire 2009