NEW
YORK, Sept. 23, 2022 /PRNewswire/ -- The
Necessity Retail REIT, Inc. (Nasdaq: RTL/ RTLPP / RTLPO) ("RTL")
announced today that it intends to continue to pay dividends on a
quarterly basis on its 7.50% Series A Cumulative Redeemable
Perpetual Preferred Stock (the "Series A Preferred Stock") at an
annualized rate of $1.875 per share
or $0.46875 per share on a quarterly
basis. Dividends on the Series A Preferred Stock are payable in
arrears to Series A Preferred Stock holders of record at the close
of business on the applicable record date and payable on the 15th
day of the first month of each fiscal quarter (or, if not a
business day, the next succeeding business day).
Accordingly, RTL declared a dividend of $0.46875 per share of Series A Preferred Stock
payable on October 17, 2022 to Series
A Preferred Stock holders of record at the close of business on
October 7, 2022.
In addition, RTL announced today that it intends to continue to
pay dividends on a quarterly basis on its 7.375% Series C
Cumulative Redeemable Perpetual Preferred Stock (the "Series C
Preferred Stock") at an annualized rate of $1.84375 per share or $0.4609375 per share on a quarterly basis.
Dividends on the Series C Preferred Stock are payable in arrears to
Series C Preferred Stock holders of record at the close of business
on the applicable record date and payable on the 15th day of the
first month of each fiscal quarter (or, if not a business day, the
next succeeding business day).
Accordingly, RTL declared a dividend of $0.4609375 per share of Series C Preferred Stock
payable on October 17, 2022 to Series
C Preferred Stock holders of record at the close of business on
October 7, 2022.
About The Necessity Retail REIT Where America
Shops
The Necessity Retail REIT, Inc. (Nasdaq: RTL) is a publicly
traded real estate investment trust listed on the Nasdaq focused on
acquiring and managing a diversified portfolio of primarily
service-oriented and traditional retail and distribution related
commercial real estate properties in the U.S. Additional
information about RTL can be found on its website at
www.necessityretailreit.com.
Important Notice
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. The words such as "may,"
"will," "seeks," "anticipates," "believes," "expects," "estimates,"
"projects," "plans," "intends," "should" and similar expressions
are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words.
These forward-looking statements are subject to a number of risks,
uncertainties and other factors, many of which are outside of RTL's
control, which could cause actual results to differ materially from
the results contemplated by the forward-looking statements. These
risks and uncertainties include the potential adverse effects
of (i) the ongoing global COVID-19 pandemic, including actions
taken to contain or treat COVID-19, and (ii) the geopolitical
instability due to the ongoing military conflict between
Russia and Ukraine, including related sanctions and other
penalties imposed by the U.S. and European Union, and the related
impact on RTL, RTL's tenants and the global economy and financial
markets, as well as those set forth in the Risk Factors section of
RTL's most recent Annual Report on Form 10-K for the year ended
December 31, 2021 filed on
February 24, 2022, and all other
filings with the Securities and Exchange Commission after
that date, as such risks, uncertainties and other important factors
may be updated from time to time in RTL's subsequent reports.
Further, forward-looking statements speak only as of the date they
are made, and RTL undertakes no obligation to update or revise any
forward-looking statement to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time, unless required by law.
Contacts:
Investor Relations
ir@rtlreit.com
(866) 902-0063
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SOURCE The Necessity Retail REIT, Inc.