NEW
YORK, Dec. 21, 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 7.375% 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 January 17, 2023 to Series
C Preferred Stock holders of record at the close of business on
January 6, 2023.
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 actual
results or events 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
(a) the potential adverse effects of (i) the 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, and (b) that any potential future
acquisition is subject to market conditions and capital
availability and may not be completed on favorable terms, or at all
as well as those risks and uncertainties forth in the Risk Factors
section of RTL's 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 to do so by law.
Contacts:
Investor
Relations
ir@rtlreit.com
(866) 902-0063
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SOURCE The Necessity Retail REIT, Inc.