Griffin Capital Essential Asset REIT Declares Cash and Stock Distributions
December 23, 2019
On December 18, 2019, Griffin Capital Essential Asset REIT, Inc.‘s board of directors declared a cash distribution at a distribution rate based on 366 days in the calendar year, of $0.001502732 per day, subject to adjustments for class-specific expenses, per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock, for stockholders of record at the close of each business day of the period commencing on January 1, 2020 and ending on March 31, 2020. This equates to an annualized rate of $0.55 per share. The REIT will pay such distributions to each stockholder of record at such time after the end of each month during the period as determined by the REIT’s Chief Executive Officer.
The REIT’s Board also declared a stock distribution at a monthly rate of $0.008333333 worth of shares per Class E share, Class T share, Class S share, Class D share, Class I share, Class A share, Class AA share and Class AAA share of common stock, $0.001 par value per share, (equivalent to a $0.10 per share annualized stock distribution), for stockholders of record at the close of business on February 3, 2020, March 2, 2020, and April 1, 2020. The REIT will pay such stock distributions to each stockholder of record at such time after each record date as determined by the REIT’s Chief Executive Officer.
Source: SEC
