American Realty Capital Properties Announces Monthly Series F Preferred Stock Dividend for July and August 2015
Jun 19, 2015, 04:05 ET
PHOENIX, June 19, 2015 /PRNewswire/ -- American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) announced today that, pursuant to the authorization of its board of directors, it will pay a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share ("Series F Preferred Stock"), in respect of the period commencing June 15, 2015 through July 14, 2015 on July 15, 2015 (the "July Series F Dividend") and in respect of the period commencing July 15, 2015 through August 14, 2015 on August 17, 2015 (the "August Series F Dividend"). Holders of Series F Preferred Stock on July 1, 2015 and on August 1, 2015 will be eligible to receive the July Series F Dividend and the August 2015 Series F Dividend, respectively. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.
ARCP is a leading, self-managed commercial real estate investment trust ("REIT") focused on investing in single tenant freestanding commercial properties subject to net leases with high credit quality tenants. ARCP owns approximately 4,650 properties totaling 102 million square feet of leasable space in 49 states, as well as Washington D.C., Puerto Rico and Canada. Additionally, ARCP acquires and manages assets on behalf of the Cole Capital® non-traded REITs. ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market. Additional information about ARCP can be found on its website at www.arcpreit.com. ARCP may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.
Information set forth herein (including information included or incorporated by reference herein) may contain "forward-looking statements" (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), which reflect ARCP's expectations regarding future events. The forward-looking statements involve a number of risks, uncertainties and other factors which could cause actual results to differ materially from those contained in the forward-looking statements, including ARCP's ability to pay its Series F Preferred Stock dividend timely and at the announced rate. Additional factors that may affect future results are contained in ARCP's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. ARCP disclaims any obligation to update and revise statements contained in these materials based on new information or otherwise.
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SOURCE American Realty Capital Properties, Inc.
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