CCG Declares 4Q13 $0.165/Share Common Dividend & $0.50/Share Preferred
Series A Dividend
CHARLOTTE, N.C. -- October 22, 2013
Campus Crest Communities, Inc. (NYSE:CCG) announced that its Board of
Directors declared its fourth quarter of 2013 common stock dividend of $0.165
per share. Based on a closing price of $10.22 on October 21, 2013, the
annualized dividend yield is 6.5%. The dividend is payable on January 8, 2014
to stockholders of record as of December 23, 2013.
The Board of Directors also declared a cash dividend of $0.50 per Series A
Cumulative Redeemable Preferred Share for the fourth quarter of 2013. The
preferred share dividend is payable on January 15, 2014 to stockholders of
record as of December 23, 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 markets. It has ownership interests in 80 student housing
properties and over ~43,000 beds across North America, of which 73 are
operating and 7 are development or redevelopment properties. The Company is an
equity REIT that differentiates itself through its vertical integration and
consistent branding across the portfolio through three 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. The
evo brand provides urban students with a luxury student housing option with
all the conveniences of city living. Additional information can be found on
the Company's website at http://www.campuscrest.com.
This press release, together with other statements and information publicly
disseminated by the Company, contains 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, as updated in the Company’s Quarterly Reports on Form 10-Q.
Campus Crest Communities, Inc.
Thomas Nielsen, 704-496-2571
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