New York Metropolis REIT, Inc. Pronounces Bizarre Inventory Dividend for the First Quarter of 2021
NEW YORK–(BUSINESS WIRE) – New York City REIT, Inc. (NYSE: NYC) (“NYC”) announced today that it intends to continue to pay dividends on its Class A and B common stock at an annualized rate of $ 0.40 per share pay share or $ 0.10 per share on a quarterly basis. NYC expects to pay dividends on its common stock quarterly in arrears on the 15th day of the first month following the end of each fiscal quarter (unless otherwise stated), unless otherwise indicated on the date for such payment.
Accordingly, NYC declared a dividend of $ 0.10 per share for each share of Class A and Class B common stock of NYC payable on January 15, 2021 to common stockholders of record on January 11, 2021 at close of business.
About New York City REIT, Inc.
New York City REIT, Inc. is a publicly traded REIT that owns a portfolio of high quality commercial real estate in the five boroughs of New York City. For more information on NYC, please visit www.newyorkcityreit.com.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause results to differ materially. In addition, words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “would,” or similar expressions indicate a point forward-looking statement, although not all forward-looking statements contain these identifying words. Actual results could differ materially from those anticipated in these forward-looking statements, including those set out in the “Risk Factors” and “Discussion and Analysis of Financial Condition and Results of Management” sections of NYC’s most recent Annual Report on Form 10. K for the fiscal year ending December 19, 2019, filed March 19, 2020, NYC’s most recent quarterly reports on Form 10-Q for the quarters ending March 31, 2020 ending May 14, 2020 and September 30, 2020 2020, August 13, 2020 and November 12, 2020 as well as all other filings with the Securities and Exchange Commission after that date. Additionally, forward-looking statements speak only as of the date of their publication and NYC assumes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unexpected events, or changes in future results of operations over time, except as required by law.