Franklin Street Properties Corp. Declares Special Cash Dividend
WAKEFIELD, MA - Dec. 3, 2021
WAKEFIELD, Mass.--(BUSINESS WIRE)-- Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) announced today that its Board of Directors declared a special cash dividend of $0.32 per share of common stock payable on January 12, 2022 to stockholders of record as of the close of business on December 31, 2021. The decision to declare a special dividend was a result of taxable gains realized on our previously disclosed dispositions of approximately $600 million of assets in the aggregate during 2021.
This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com.
For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496
Source: Franklin Street Properties Corp.
View original content: Businesswire
Franklin Street Properties Corp.
Symbol: FSP
CIK: 1031316
Exchange: NYSE
Founded: 1997 (27 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Office
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $1.88
High: $1.93
Low: $1.87
Open: $1.91
Previous Close: $1.89
Volume: 221,550
52-Week High: $2.67
52-Week Low: $1.09
Last updated: 2024-04-18 - v1.3