MEMPHIS, Tenn., Oct. 14, 2016 /PRNewswire/ -- EdR (NYSE:
EDR), a leader in the ownership, development and management of
collegiate housing, announced today that its Board of Directors has
approved a quarterly cash dividend of $0.38 per share of common stock.
The dividend will be payable Nov. 15,
2016 to shareholders of record as of Oct. 31, 2016.
About EdR
EdR (NYSE:EDR) is one of America's largest
owners, developers and managers of collegiate housing. EdR is a
self-administered and self-managed real estate investment trust
that owns or manages 86 communities with more than 44,000 beds
serving 53 universities in 24 states. EdR is a member of the
Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley
REIT indices. For details, please visit the company's Web site at
www.EdRtrust.com.
For more information, contact:
J. Drew Koester, Senior Vice
President, Capital Markets and Investor Relations
901-259-2523 dkoester@EdRtrust.com
For media information or photography, contact:
Craig Wack, PR
Coordinator
901-252-6809 cwack@EdRtrust.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Statements about the company's business
that are not historical facts are "forward-looking statements."
Forward-looking statements are based on current expectations. You
should not rely on our forward-looking statements because the
matters they describe are subject to known and unknown risks and
uncertainties that could cause the company's future results,
performance, or achievements to differ significantly from the
results, performance, or achievements expressed or implied by such
statements. Such risks are set forth under the captions "Item 1A.
Risk Factors" and "Forward-Looking Statements" in our annual report
on Form 10-K and under the caption "Item 2. Management's Discussion
and Analysis of Financial Condition and Results of Operations" (or
similar captions) in our quarterly reports on Form 10-Q, and as
described in our other filings with the Securities and Exchange
Commission. Forward-looking statements speak only as of the dates
on which they are made, and the company undertakes no obligation to
update publicly or revise any guidance or other forward-looking
statement, whether as a result of new information, future
developments, or otherwise, unless required by law.
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SOURCE EdR