NEW
YORK, June 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 July 15, 2022 to Series A
Preferred Stock holders of record at the close of business on
July 5, 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 July 15, 2022 to Series C
Preferred Stock holders of record at the close of business on
July 5, 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. In addition, 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 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 other countries, as well as other public and private
actors and companies, on RTL, RTL's tenants and the global economy
and financial markets, and (b) that any potential future
acquisition including the remaining property in the CIM portfolio
is subject to market conditions and capital availability and may
not be identified or completed on favorable terms, or at all, 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
SEC 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.