NEW YORK, March 25, 2014 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced that it has adopted a Dividend Reinvestment and Direct Stock Purchase Plan (the "Plan"). The Plan has two components: a dividend reinvestment component and a direct stock purchase component. The dividend reinvestment component allows stockholders of the Company's class A common stock ("Common Stock") to designate all or a portion of the cash dividends on their shares of Common Stock for reinvestment in additional shares of Common Stock. The direct stock purchase component allows stockholders and new investors, subject to the Company's approval, to purchase shares of Common Stock directly from the Company at a discount that can range from 0%-5.0%.
As recently announced, the Company declared a regular cash dividend of $0.48 per share on shares of Common Stock for the quarter ended March 31, 2014. The dividend is payable on April 15, 2014 to the Company's stockholders of record as of the close of business on March 31, 2014. Stockholders must enroll in the dividend reinvestment component of the Plan by 5:00 p.m. on March 31, 2014 for these dividends to qualify for participation in the Plan.
The Plan will be administered through the Company's transfer agent, American Stock Transfer and Trust Company, LLC ("AST"). AST will purchase shares for the Plan either in the open market, directly from the Company as newly issued shares of Common Stock, or in privately negotiated transactions with third parties, as described in the Plan. Stockholders and other persons may obtain a copy of the Plan prospectus, enrollment and optional investment forms by contacting AST at (877) 281-4470 or (718) 921-8124, if outside the United States, or visiting AST's website at www.AmStock.com .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.