Jul 01, 2010
NEWTON, Mass., Jul 01, 2010 (BUSINESS WIRE) -- RMR Real Estate Income Fund (NYSE Amex: RIF) today announced that it hasentered into a $10 million revolving credit facility (the "Facility")with Wells Fargo Bank, National Association. The maturity date of theFacility is July 1, 2013. RIF will use the Facility to fund additionalinvestments and for additional financial flexibility in managing itsinvestment portfolio. The Facility is secured by RIF's investments andbears interest at a spread over LIBOR plus customary fees.
RIF is a closed end investment company advised by RMR Advisors, Inc.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THE FOREGOING PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHINTHE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 ANDTHE FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASEDUPON RIF'S PRESENT BELIEFS AND EXPECTATIONS, BUT THEY ARE NOT GUARANTEEDTO OCCUR AND MAY NOT OCCUR FOR NUMEROUS REASONS, SOME OF WHICH AREBEYOND RIF'S CONTROL. FOR EXAMPLE:
- THIS PRESS RELEASE STATES THAT RIF HAS ENTERED INTO A $10 MILLION REVOLVING CREDIT FACILITY. THE AVAILABILITY OF BORROWINGS UNDER THE FACILITY IS SUBJECT TO RIF SATISFYING CERTAIN LEVERAGE AND OTHER FINANCIAL COVENANTS. THEREFORE, IT IS POSSIBLE THAT RIF WILL BE UNABLE TO BORROW UNDER THE FACILITY OR MAY BE ABLE TO BORROW LESS THAN $10 MILLION UNDER THE FACILITY.
- THIS PRESS RELEASE STATES THAT RIF WILL USE THE FACILITY TO FUND ADDITIONAL INVESTMENTS AND FOR ADDITIONAL FINANCIAL FLEXIBILITY IN MANAGING ITS INVESTMENT PORTFOLIO. THESE OBJECTIVES MAY NOT BE REALIZED BECAUSE OF LIMITATIONS ON RIF'S ABILITY TO BORROW UNDER THE FACILITY, INVESTMENT MARKET CONDITIONS OR FOR OTHER REASONS.
INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKINGSTATEMENTS IN THIS PRESS RELEASE.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