CHICAGO, July 25, 2014 /PRNewswire/ -- CommonWealth REIT
(NYSE: CWH) today announced that its Board of Trustees has declared
dividends on the Company's Series D Preferred and Series E
Preferred Shares.
An accrued and quarterly dividend of $0.8125 per Series D Preferred Share will be paid
on August 15, 2014, to shareholders
of record on August 5, 2014. This
amount includes the accrued dividend of $0.40625 per share for the period from
February 15, 2014, to May 14, 2014, which was not paid because the
Company did not have any Trustees at the time the dividend became
payable. It also includes the accrued dividend of $0.40625 per share for the period from
May 15, 2014, to August 14, 2014. The aggregate amount of
$0.8125 per share that will be paid
on August 15, 2014, represents the
full amount of accrued and unpaid dividends under the Series D
Preferred Shares.
An accrued and quarterly dividend of $0.90625 per Series E Preferred Share will be
paid on August 15, 2014, to
shareholders of record on August 5,
2014. This amount includes the accrued dividend of
$0.453125 per share for the period
from February 15, 2014, to
May 14, 2014, which was not paid
because the Company did not have any Trustees at the time the
dividend became payable. It also includes the accrued dividend of
$0.453125 per share for the period
from May 15, 2014, to August 14, 2014. The aggregate amount of
$0.90625 per share that will be paid
on August 15, 2014, represents the
full amount of accrued and unpaid dividends under the Series E
Preferred Shares.
With respect to the common dividend, management currently is
evaluating its options regarding the appropriate policy.
About CommonWealth REIT
Commonwealth REIT (NYSE: CWH) is an internally managed and
self-advised real estate investment trust, which primarily owns
office buildings located in central business districts and suburban
locations across the country, with executive offices in
Chicago, Ill.
Forward-Looking Statements
This press release may contain forward-looking statements and
information within the meaning of the federal securities laws.
These statements, which may include statements regarding
CommonWealth's dividend policy, are based on current expectations,
estimates, projections and assumptions made by management. While
CommonWealth management believes the assumptions underlying its
forward-looking statements are reasonable, such information is
inherently subject to uncertainties and may involve certain risks.
Other risks and uncertainties are described under the heading "Risk
Factors" in our Annual Report on Form 10-K and subsequent periodic
reports filed with the Securities and Exchange Commission (SEC) and
available on our website, www.cwhreit.com. Many of these
uncertainties and risks are difficult to predict and beyond
management's control. Forward-looking statements are not guarantees
of future performance, results or events.
Investor and Media Contact
Sarah Byrnes, CommonWealth REIT,
(312) 646-2801
SOURCE CommonWealth REIT