American Realty Capital Properties Announces Monthly Dividend for December
ARCP's Annualized Dividend Increased to $0.94 Per Share Upon Closing of
CapLease Acquisition in November
Following Close of Cole Acquisition, Annualized Dividend Will Increase Again
to $1.00 Per Share
NEW YORK, Nov. 27, 2013
NEW YORK, Nov. 27, 2013 /PRNewswire/ --American Realty Capital Properties,
Inc. ("ARCP") (NASDAQ: "ARCP") announced today that, pursuant to the prior
authorization of its board of directors, ARCP has declared an annualized
dividend of $0.940 per share to be paid monthly to stockholders of record at
the close of business on the 8^th day of each month, payable on the 15^th day
of such month, commencing with ARCP's December 2013 dividend. Accordingly, on
December 13, 2013, the Company will pay a distribution of $0.07833 per share
to stockholders of record at the close of business on December 6, 2013.
(Logo: http://photos.prnewswire.com/prnh/20120529/NY15147LOGO )
As previously announced, the increase of ARCP's annualized dividend to $0.940
per share was authorized by ARCP's board of directors to take effect after,
and contingent upon, the earlier of (i) the closing of ARCP's acquisition of
CapLease, Inc. ("CapLease") and (ii) the closing of the Company's acquisition
of American Realty Capital Trust IV, Inc. ("ARCT IV"). ARCP completed its
acquisition of CapLease on November 5, 2013.
Furthermore, as previously announced, ARCP's board of directors has authorized
an additional increase to ARCP's annualized dividend from $0.940 per share per
annum to $1.00 per share per annum, contingent upon, and effective with, the
close of ARCP's acquisition of Cole Real Estate Investments, Inc., which
closing is contingent upon the closing of ARCP's acquisition of ARCT IV.
ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global
Select Market that qualified as a real estate investment trust for U.S.
federal income tax purposes beginning in the taxable year ended December 31,
2011, focused on acquiring and owning single tenant freestanding commercial
properties subject to net leases with high credit quality tenants. Additional
information about the ARCP can be found on its website at
www.arcpreit.com.ARCP may disseminate important information regarding ARCP
and its operations, including financial information, through social media
platforms such as Twitter, Facebook and LinkedIn.
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. In
addition, words such as "anticipate," "believe," "expect" and "intend"
indicate a forward-looking statement, although not all forward-looking
statements include these words.
SOURCE American Realty Capital Properties, Inc.
Contact: Anthony J. DeFazio, DDCworks, firstname.lastname@example.org, Ph:
484-342-3600; Brian S. Block, EVP & CFO, American Realty Capital Properties,
Inc., email@example.com, Ph: 212-415-6500
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