Jun 14, 2010
NEWTON, Mass., Jun 14, 2010 (BUSINESS WIRE) -- RMR Real Estate Income Fund (NYSE Amex: RIF) today announced its Boardof Trustees authorized an increase in the Fund's regular quarterlydistribution to common shareholders from $0.40 per common share to $0.42per common share, representing a 5% increase over the previous regularquarterly distribution. The next quarterly distribution of $0.42 percommon share will be paid on or about July 2, 2010 to holders of recordof common shares as of the close of business on June 24, 2010.
The quarterly distribution has been declared pursuant to RIF's levelrate dividend policy. There is no assurance that RIF will always be ableto pay a distribution of any particular size, or that a distributionwill consist only of net investment income. RIF's ability to maintain alevel distribution will depend on a number of factors, including thestability of income received from its investments, availability ofcapital gains, distributions paid on preferred shares and the level ofRIF's expenses. Due to an effort to maintain a stable distributionamount, the distributions announced today, as well as futuredistributions, may consist of net investment income, realized capitalgains and return of capital.
In compliance with Section 19 of the Investment Company Act of 1940, anotice will be provided for any distribution that does not consistsolely of net investment income. Such a notice will be for informationalpurposes only, and will disclose, among other things, estimated portionsof the distribution, if any, consisting of net investment income,capital gains and return of capital. No such notice will be includedwith the distribution announced today because, based upon informationcurrently available to RIF, RIF believes this distribution consistssolely of income received from its investments. Because RIF hassubstantial investments in real estate investment trusts, or REITs,which generally will classify distributions to RIF subsequent to the endof a calendar year as ordinary income, net capital gain or return ofcapital, it is expected that distributions declared by RIF will besimilarly characterized for tax purposes subsequent to year end.Shareholders should not use the information provided in this pressrelease or any notice delivered in compliance with Section 19 of theInvestment Company Act of 1940 in preparing their tax returns.Shareholders will receive a Form 1099-DIV for the calendar yearindicating how to report distributions from RIF for Federal income taxpurposes.
RIF is a closed end investment company advised by RMR Advisors, Inc.
WARNINGS REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THEMEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 ANDOTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS AREBASED UPON RIF'S PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOTGUARANTEED TO OCCUR AND MAY NOT OCCUR FOR NUMEROUS REASONS, SOME OFWHICH ARE BEYOND RIF'S CONTROL. FOR EXAMPLE:
- THIS PRESS RELEASE DESCRIBES THE DISTRIBUTION OF $0.42 PER SHARE AS A REGULAR QUARTERLY DISTRIBUTION AND REFERS TO RIF'S LEVEL RATE DIVIDEND POLICY. THE IMPLICATIONS OF THESE STATEMENTS MAY BE THAT RIF WILL CONSISTENTLY PAY A DIVIDEND OF $0.42 PER SHARE FOR EACH QUARTER. IN FACT, THE AMOUNT OF DIVIDENDS PAID BY RIF IN THE FUTURE WILL DEPEND PRIMARILY UPON RIF'S FUTURE EARNINGS. IN THE PAST, THE PREDECESSOR FUNDS WHICH WERE REORGANIZED TO CREATE RIF HAVE LOWERED THEIR DIVIDEND RATES AND RIF CAN PROVIDE NO ASSURANCE THAT ITS FUTURE EARNINGS WILL BE SUFFICIENT TO ENABLE RIF TO PAY A REGULAR QUARTERLY DIVIDEND OF $0.42 PER SHARE.
- THIS PRESS RELEASE STATES THAT RIF BELIEVES THE DISTRIBUTION DESCRIBED IN THIS PRESS RELEASE CONSISTS SOLELY OF INCOME RECEIVED FROM ITS INVESTMENTS. AS NOTED IN THE PRESS RELEASE, THE DIVIDENDS WHICH RIF HAS RECEIVED FROM ITS INVESTMENTS IN REITS MAY BE CHARACTERIZED BY THOSE REITS DIFFERENTLY THAN RIF NOW EXPECTS. FOR THIS REASON, AMONG OTHERS, SOME OF THE DISTRIBUTION DESCRIBED IN THIS PRESS RELEASE MAY CONSIST OF CAPITAL GAINS OR RETURN OF CAPITAL.
FOR THESE AND OTHER REASONS, INVESTORS SHOULD NOT PLACE UNDUE RELIANCEUPON FORWARD LOOKING STATEMENTS.
SOURCE: RMR Real Estate Income Fund
RMR Real Estate Income FundCopyright Business Wire 2010
Timothy A. Bonang, 617-796-8253
Vice President
Investor Relations
or
Carlynn Finn, 617-796-8253
Manager, Investor Relations
www.rmrfunds.com