NEWTON, MA-CommonWealth REIT has declared a quarterly dividend of $0.25 per common share. The dividend will be paid to holders of record of common shares as of the close of business on April 23.
The company, which owns more than $7 billion of office and industrial properties in 31 states, Washington, D.C. and Australia, says the dividend payments will be distributed as of May 22.
CommonWealth REIT also reports a forthcoming Series D preferred dividend and Series E preferred dividend distribution. A distribution of $0.4063 per Series D cumulative convertible preferred share will be paid on or about May 15, 2013, to holders of record of Series D preferred shares at the close of business on May 1, 2013. A distribution of $0.4531 per Series E cumulative redeemable preferred share will be paid on or about May 15, 2013, to holders of record of Series E preferred shares at the close of business on May 1, 2013.
In late March, Corvex Management and Related Fund Management issued an unsolicited tender offer to acquire all the shares of CommonWealthREIT for $24.50 a share. The offer was $2.50 a share less than an earlier offering, due to a recently completed equity offering that tendered more than $670 million.
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