Griffin-American Healthcare REIT IV Maintains $0.40 Annualized Distribution
August 3, 2020
From the REIT’s August 3, 2020, SEC filing:
Our board of directors authorized a daily distribution to our Class T and Class I stockholders of record as of the close of business on each day of the period commencing on August 1, 2020 and ending on August 31, 2020. The daily distributions will be calculated based on 365 days in the calendar year and will be equal to $0.001095890 per share of our common stock, which is equal to an annualized distribution of $0.40 per share. The distributions will be aggregated and paid in cash or shares of our common stock pursuant to our distribution reinvestment plan on a monthly basis in September 2020, only from legally available funds.
The REIT’s distribution rate was cut beginning with the April distribution, from an annualized rate of $0.60 (a distribution yield of 6.00% based upon the $10.00 offering price) to $0.40 per share (4.00% distribution yield).
From the REIT’s March 31, 2020 filing:
On March 31, 2020, the Board authorized a daily distribution to the Company’s Class T and Class I stockholders of record as of the close of business on each day of the period commencing on April 1, 2020 and ending on April 30, 2020. The daily distributions will be calculated based on 365 days in the calendar year and will be equal to $0.001095890 per share of the Company’s common stock, which is equal to an annualized distribution rate of $0.40 per share, a decrease from the annualized rate of $0.60 per share previously paid by the Company, for the reasons discussed above. The distributions will be aggregated and paid in cash or shares of the Company’s common stock pursuant to the DRIP, on a monthly basis, in May 2020, only from legally available funds.
Source: SEC
