NEWTON, Mass – (BUSINESS WIRING) –Tremont Mortgage Fund (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common stock at $ 0.10 per common share ($ 0.40 per share per year). The distribution announced today will be paid to the registered ordinary shareholders of TRMT at the close of business on July 26, 2021, and will be distributed around August 19, 2021.
TRMT is a real estate finance company that provides and invests in the first mortgage loans secured by medium and transitional commercial real estate. TRMT is operated by an affiliate RMR Inc. group of companies (Nasdaq: RMR)… Virtually all of RMR’s business is carried out by its controlling subsidiary RMR Group LLC, which is an alternative asset management company with $ 32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. … property. For more information on TRMT visit www.trmtreit.com…
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on TRMT’s current beliefs and expectations, but these statements and the consequences of these statements are not guaranteed and may not occur for various reasons, some of which are beyond TRMT’s control. For example:
The press release states that the TRMT dividend rate will be $ 0.10 per share ($ 0.40 per share per year). The possible implication of this statement is that TRMT will consistently pay out quarterly dividends of $ 0.10 per share per quarter ($ 0.40 per share per year) in the future. The TRMT Board of Trustees takes many factors into account when deciding whether to declare a dividend, including TRMT’s historical and projected income, distributable profits, current and expected needs, and the availability of funds to pay TRMT’s obligations and fund its investments, distributions that may be required to be paid by TRMT in order to receive tax rights as a real estate investment fund and other factors that the TRMT Board of Trustees deems appropriate in its sole discretion. Accordingly, future dividends may be increased or decreased, and there is no guarantee as to the rate at which future dividends will be paid, and they may decrease in amount or be suspended or discontinued.
The information contained in TRMT filings with the Securities and Exchange Commission or the SEC, including in or included in the Risk Factors section of TRMT’s periodic reports, identifies other important factors that may cause actual TRMT results to be differ materially from those stated or implied by the TRMT Forward-looking Statements. TRMT documents to the SEC are available on the SEC website at www.sec.gov…
You should not place undue reliance on forward-looking statements.
Except as required by law, TRMT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
A Maryland real estate investment fund with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally responsible for any actions or obligations of the Trust.