Griffin-American Healthcare REIT IV Declares December Distribution
December 2, 2020 | SEC
The following is from an 8-K filing by the REIT on December 1, 2020:
“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 December 1, 2020 and ending on December 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 January 2021, only from legally available funds.”
Based upon the original offering price of $10.00, this represents a distribution yield of 4.00% annualized. The most recent net asset value per share approved by the board on April 4, 2020 is $9.54.
Source: SEC
