NEWTON, Mass.--(BUSINESS WIRE)--
RMR Real Estate Income Fund (NYSE American: RIF) today announced its
regular quarterly distribution to common shareholders. The distribution
of $0.33 per common share will be paid on or about September 28, 2018 to
holders of record of common shares as of the close of business on
September 20, 2018.
RIF declared this quarterly distribution pursuant to its 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 its preferred shares and the level of RIF’s
expenses including interest on RIF’s borrowings. In order 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. Because RIF has substantial
investments in real estate investment trusts, or REITs, which generally
will characterize distributions to their shareholders, including 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 attributable to its investments in REITs 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 U.S. Federal income tax purposes.
RIF is a closed end investment company advised by RMR Advisors LLC. RMR
Advisors LLC is a wholly owned subsidiary of The RMR Group LLC, an
alternative asset management company. The RMR Group LLC is a majority
owned subsidiary of The RMR Group Inc. (Nasdaq: RMR). The RMR Group Inc.
is headquartered in Newton, MA.
WARNINGS REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE 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 RIF’S PRESENT INTENT, BELIEFS AND
EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR
AND MAY NOT OCCUR FOR NUMEROUS REASONS, SOME OF WHICH ARE BEYOND RIF’S
CONTROL. FOR EXAMPLE:
-
THIS PRESS RELEASE DESCRIBES RIF’S DISTRIBUTION OF $0.33 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 DISTRIBUTION OF $0.33 PER SHARE FOR EACH
QUARTER. IN FACT, THE AMOUNT OF DISTRIBUTIONS PAID BY RIF IN THE
FUTURE WILL DEPEND PRIMARILY UPON RIF’S FUTURE EARNINGS. RIF CAN
PROVIDE NO ASSURANCE THAT ITS FUTURE EARNINGS WILL BE SUFFICIENT TO
ENABLE RIF TO PAY A REGULAR QUARTERLY DISTRIBUTION OF $0.33 PER SHARE.
FOR THESE AND OTHER REASONS, INVESTORS SHOULD NOT PLACE UNDUE RELIANCE
UPON FORWARD LOOKING STATEMENTS.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180910005079/en/
RMR Real Estate Income Fund
Joselyn Fine, 617-796-8253
Investor
Relations Analyst
www.rmrfunds.com
Source: RMR Funds