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SOURCE Signature Office REIT, Inc.
NORCROSS, Ga., Aug. 8, 2014 /PRNewswire/ -- Signature Office REIT, Inc. has declared a third quarter distribution of $0.375 (37.5 cents) per share. This distribution will be paid to shareholders of record as of September 15, 2014, and will be paid on or about September 17, 2014. The distribution amount annualizes to a 6 percent yield based on a share purchase price of $25, if distributions in this amount were paid in each quarter during the course of a year.
Signature Office REIT also announced today that shareholders approved the election of each of its director nominees, as well as the four charter amendment proposals recommended by the board of directors, at its annual meeting held on August 6, 2014. Frank M. Bishop, Stephen J. LaMontagne and Harvey E. Tarpley were elected to serve as directors.
Signature Office REIT is a self-managed, non-traded, public real estate investment trust focused primarily on core office real estate. Currently, the Signature Office REIT portfolio includes 15 office buildings in 8 states, covering more than 2.6 million square feet. For information on Signature Office REIT, visit www.SignatureREIT.com.
Annualized percentage rate represents only a hypothetical calculation, not a projection or indication of future distributions, which are declared on a quarterly basis. Distributions are not guaranteed. REIT quarterly distributions may include ordinary income as well as return of capital and capital gains.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers of this news release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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