RAMCO Announces Second Quarter 2018 Common and Preferred Share Dividends
FARMINGTON HILLS, Mich., May 16, 2018 (GLOBE NEWSWIRE) -- RAMCO (NYSE:RPT) (the “Company”) today announced that its Board of Trustees declared a second quarter cash dividend of $0.22 per common share at its regularly scheduled Board meeting held on May 10, 2018. The Board also approved a second quarter Series D convertible perpetual preferred share dividend of $0.90625 per share. The dividends, for the period April 1 through June 30, 2018, are payable on July 2, 2018 to shareholders of record on June 20, 2018.
RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s primary business is the ownership and management of regional town centers, urban-infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States. At March 31, 2018, RAMCO owned interests in and managed a portfolio of 56 shopping centers and three joint venture properties. At March 31, 2018, the Company’s consolidated portfolio was 93.6% leased. RAMCO is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.RAMCOproperties.com or follow RAMCO on Twitter @RAMCOproperties and facebook.com/RAMCOproperties.rpt/.
This press release may contain forward-looking statements that represent the Company’s expectations and projections for the future. Management of RAMCO believes the expectations reflected in any forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.
Company Contact: Dawn L. Hendershot, Senior Vice President of Investor Relations and Public Affairs31500 Northwestern Highway, Suite 300Farmington Hills, MI 48334 dhendershot@RAMCOproperties.com (248) 592-6202