May 30, 2013
American Realty Capital Properties, Inc.
(the "Company") (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, the Company declared its sixth consecutive quarterly increase to its annual dividend from
per share per annum. Accordingly, the Company's
dividend will be paid on
June 15, 2013
, to stockholders of record at the close of business on
June 8, 2013
, in an amount equal to
Additionally, as previously announced, the Company's board of directors has authorized the seventh consecutive quarterly increase to its annualized dividend from
per share to
per share per annum, contingent upon, and effective with, the close of the Company's acquisition of CapLease, Inc. The Company expects to close such acquisition late in the third quarter of 2013.
ARCP is a publicly traded
corporation listed on The NASDAQ Global Select Market that qualified as a real estate investment trust for U.S. federal income tax purposes for 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 Company can be found on its website at
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.