SITE Centers Corp. (NYSE: SITC) said today that its fourth quarter of 2020 is not unusual consistent with a percentage dividend of $0. 05 consistent with a consistent percentage. The dividend in a consistent and non-unusual percentage is payable on January 7, 2021 to holders of consistent percentages recorded at the close of this dividend payment, along with dividends paid in the past through the Company in 2020, meets the company’s taxable source income distribution needs for the 2020 calendar , as recently projected.
About SITE Centers Corp.
The SITE owns and manages outdoor grocery malls that offer a delight of shopping and a combination of exciting products for business partners and consumers. indexed on the New York Stock Exchange under the symbol SITC. For additional information about the company in www. sitecenters. com, to be included in the company’s email distributions for press releases and other investor data, click here.
Safe harbor
SITE Cinputs Corp. regards certain amounts of the data in this press release as forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exreplace Securities Act of 1934, as amended, with regarding the long-term expectations of the company. Although the company believes that the expectations reflected in such forward-looking statements are based on conservative assumptions, it cannot guarantee that its expectations will be met. To this end, all statements in this document that are not ancient facts would possibly be considered forward-looking statements. There are a number of vital points that may also cause our effects to differ materially from those indicated through those forward-looking statements, adding, among other points, that they have an effect on the COVID-19 pandemic on the company’s ability to manage. their homes and finance their operations and in the ability of tenants to operate their business, generate sales and meet their monetary legal responsibilities, adding the legal responsibility to pay existing and deferred rents; the ability of the company to pay dividends; local situations such as the source and request for real estate advertising in the region; have an effect on electronic commerce; dependence on the source of income from rental of real estate; the loss, significant reduction, or bankruptcy of a primary tenant and the effect of such occasion on the source of rental income for other tenants and our homes; remodeling and structure activities may not achieve the desired return on investment; our ability to buy or sell assets on moderate advertising terms; our ability to complete acquisitions or disposals of assets under contract; our ability to discharge equity or debt financing on appropriate advertising terms or not at all; depreciation charges; our ability to enter into definitive agreements related to our financing and joint venture agreements and the Company’s ability to comply with the mandatory situations of such agreements; the valuation and hazards relevant to our joint venture and preferred percentage investments; the termination of any joint venture agreement or arrangement to manage real estate and the ability to deal with the situations of such terminations; damage to assets, similar expenses and other business and economic consequences (adding possible loss of rental income source) as a result of excessive weather conditions or herbal errors in the places where we are homeowners, and the skill, as it should be, estimate the quantities; the adequacy and timeliness of insurance recovery bills similar to damages caused by excessive weather conditions or herbal errors; any overrides in strategy and our ability to maintain REIT status. For additional points that may also cause the Company’s effects to differ materially from those shown in the forward-looking statements, please refer to the Company’s recent maximum reports on Forms 10-K and 10-Q. The effects of the COVID-19 pandemic would possibly also exacerbate the dangers described there, each of which can also have a significant effect on society. The Company assumes no legal responsibility to publicly revise such forward-looking statements to reflect occasions or events that arise after the date hereof.
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Contacts
Conor Fennerty, Executive Vice President and Chief Financial Officer 216-755-5500