NEWTON, Mass.--(BUSINESS WIRE)--
RMR Real Estate Income Fund (NYSE MKT: RIF) today announced that Joseph
L. Morea has been named as an Independent Trustee of RIF effective on
June 30, 2016. Mr. Morea will also be chair of the Board's Nominating
Committee and a member of the Audit and Compensation Committees. Mr.
Morea will also be designated the Audit Committee's financial expert.
Mr. Morea (age 61) was a Vice Chairman and Managing Director, serving as
head of U.S. Equity Capital Markets, at RBC Capital Markets, an
international investment bank, from 2003 until 2012. From 2008 to 2009,
Mr. Morea also served as the head of U.S. Investment Banking for RBC
Capital Markets. Previously, Mr. Morea was employed as an investment
banker, including as a Managing Director and the co-head of U.S. Equity
Capital Markets at UBS, Inc., the Chief Operating Officer of the
Investments Banking Division and head of U.S. Equity Capital Markets at
PaineWebber, Inc. and a Managing Director of Equity Capital Markets at
Smith Barney, Inc. Prior to working as an investment banker, Mr. Morea
was employed as a certified public accountant.
Mr. Morea will replace Arthur G. Koumantzelis (age 85) who is retiring
from the Board. The RIF Board expresses its sincere gratitude to Mr.
Koumantzelis for his 13 years of valuable advice and counsel to RIF. Mr.
Koumantzelis advised the fund that his decision to resign was not the
result of any disagreement with RIF.
RIF is a closed end investment company advised by RMR Advisors LLC.
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RMR Funds
Joselyn Fine, 617-796-8253
Analyst, Investor
Relations
www.rmrfunds.com
Source: RMR Funds
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