Oct. 30, 2013
American Realty Capital Properties, Inc.
("ARCP" or the "Company") (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, ARCP has declared an annualized dividend of
per share to be paid monthly to stockholders of record at the close of business on the 8
day of each month, payable on the 15
day of such month. Accordingly, on
November 15, 2013
, the Company will pay a dividend of
per share to stockholders of record at the close of business on
November 8, 2013
Additionally, as previously announced, the Company's board of directors has authorized an increase to the Company's annualized dividend from
per share to
per share per annum, contingent upon, and effective with, the earlier to close of the Company's acquisition of CapLease, Inc. ("CapLease") and American Realty Capital Trust IV, Inc. ("ARCT IV"). Should the CapLease transaction close prior to
November 9, 2013
annualized dividend will be paid commencing with ARCP's
Furthermore, as previously announced, the Company's board of directors has authorized an additional increase to the Company's annualized dividend from
per share per annum to
per share per annum, contingent upon, and effective with, the close of the Company's acquisition of Cole Real Estate Investments, Inc., which closing is contingent upon the closing of the CapLease and ARCT IV acquisitions.
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 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
. ARCP may disseminate important information regarding the Company and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.