NEW YORK–(COMMERCIAL THREAD) – New York City REIT, Inc. (NYSE: NYC) (“NYC”) today announced its intention to continue to pay dividends on its Class A common shares and Class B common shares at a annualized rate of $ 0.40 per share or $ 0.10 per share on a quarterly basis. NYC expects to pay dividends authorized by its board of directors on its common stock on a quarterly basis in arrears on the 15the day of the first month following the end of each fiscal quarter (unless otherwise specified) to holders of ordinary shares of record on the date of registration for this payment.
Accordingly, NYC declared a dividend of $ 0.10 per share on each Class A common share and Class B common share of NYC payable on July 15, 2021 to holders of common shares of record at the close of business on July 12, 2021.
About New York City REIT, Inc.
New York City REIT, Inc. is a publicly traded REIT with a portfolio of high quality commercial real estate located in the five boroughs of New York City. Additional information about NYC is available on its website at www.newyorkcityreit.com.
Statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve substantial risks and uncertainties which could lead to materially different results. In addition, words such as “may”, “will”, “research”, “anticipates”, “believes”, “estimates”, “expects”, “plans”, “intends”, “Would” or similar expressions indicate a forward-looking statement, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those contemplated by such forward-looking statements, including those set forth in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations ”of NYC’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2020 filed on March 29, 2021, NYC’s most recent quarterly report on Form 10- Q for the quarter ended March 31, 2021 filed on May 13, 2021, and all other documents filed with the Securities and Exchange Commission after that date, as these risks, uncertainties and other material factors may be updated from time to time in subsequent NYC reports. In addition, forward-looking statements speak only as of the date on which they are made, and NYC assumes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events or changes in future operating results over time, Required by law.