CCG Declares 2Q13 $0.165/Share Common Dividend & $0.50/Share Preferred
Series A Dividend
CHARLOTTE, N.C. -- April 24, 2013
Campus Crest Communities, Inc. (NYSE: CCG) today announced that its Board of
Directors declared its second quarter of 2013 common stock dividend of $0.165
per share. Based on a closing price of $13.87 on April 23, 2013, the
annualized dividend yield is 4.8%. The dividend is payable on July 10, 2013 to
stockholders of record as of June 26, 2013.
The Board of Directors also declared a cash dividend of $0.50 per Series A
Cumulative Redeemable Preferred Share for the second quarter of 2013. The
preferred share dividend is payable on July 15, 2013 to stockholders of record
as of June 26, 2013.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder, owner and
manager of high-quality student housing properties located close to college
campuses in targeted U.S. markets. It has ownership interests in 81 student
housing properties and nearly 42,000 beds across the United States, of which
72 are operating and 9 are development properties. The Company is an equity
REIT that differentiates itself through its vertical integration and
consistent branding across the portfolio through two unique brands targeting
different segments of the college student population. The Grove® brand offers
more traditional apartment floor plans and focuses on customer service,
privacy, on-site amenities and a proprietary residence life program. The
Copper Beech brand and townhome product offers more residential-type living to
students looking for a larger floor plan with a front door and back porch.
Additional information can be found on the Company's website at
This press release and other statements and information publicly disseminated
by the Company contain certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995 and includes this statement for purposes of complying with
these safe harbor provisions. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by the use of forward-looking terminology such as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes," "estimates,"
"predicts" or "potential" or the negative of these words and phrases or
similar words or phrases which are predictions of or indicate future events or
trends and which do not relate solely to historical matters. You should not
rely on forward-looking statements since they involve known and unknown risks,
uncertainties, assumptions and contingencies, many of which are beyond the
Company's control that may cause actual results to differ significantly from
those expressed in any forward-looking statement. All forward-looking
statements reflect the Company's good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance. Furthermore,
except as otherwise required by federal securities laws, the Company disclaims
any obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, new information, data or
methods, future events or other changes. For a further discussion of these and
other factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the risk factors discussed
in the Company's most recent Annual Report on Form 10-K.
Campus Crest Communities, Inc.
Thomas Nielsen, Investor Relations, 704-496-2571
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