RMR Real Estate Income Fund (NYSE Amex: RIF) today announced its regular quarterly distribution to common shareholders. The distribution of $0.42 per common share will be paid on or about December 30, 2011 to holders of record of common shares as of the close of business on December 23, 2011.
RIF declared this quarterly distribution pursuant to its level rate dividend policy. There is no assurance that RIF will always be able to pay a distribution of any particular size, or that a distribution will consist only of net investment income. RIF’s ability to maintain a level distribution will depend on a number of factors, including the stability of income received from its investments, availability of capital gains, distributions paid on its preferred shares and the level of RIF’s expenses. In order to maintain a stable distribution amount, the distributions announced today, as well as future distributions, may consist of net investment income, realized capital gains and return of capital.
RMR Asia Pacific Real Estate Fund (NYSE Amex: RAP) today announced a special distribution of previously undistributed net investment company taxable income to common shareholders. The distribution of $0.06 per common share will be paid on or about December 30, 2011 to holders of record of common shares as of the close of business on December 23, 2011.
In compliance with Section 19 of the Investment Company Act of 1940, a notice will be provided for any distribution that does not consist solely of net investment income. Such a notice will be for informational purposes only, and will disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. No such notice will be included with the distribution announced today for RIF because, based upon information currently available to RIF, RIF believes this distribution consists solely of income received from its investments. Because RIF has substantial investments in real estate investment trusts, or REITs, which generally will characterize distributions to RIF subsequent to the end of a calendar year as ordinary income, net capital gain or return of capital, it is expected that distributions declared by RIF will be similarly characterized for tax purposes subsequent to year end.