Griffin-American Healthcare REIT IV Maintains $0.40 Annualized Distribution Rate

January 6, 2020 | James Sprow | Blue Vault

The board of directors of Griffin-American Healthcare REIT IV authorized a daily distribution to Class T and Class I stockholders of record as of the close of business on each day of the period commencing on January 1, 2021 and ending on January 31, 2021. The daily distributions will be calculated based on 365 days in the calendar year and will be equal to $0.001095890 per share of 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 common stock pursuant to the distribution reinvestment plan on a monthly basis in February 2021, only from legally available funds.

Due to the impact of the COVID-19 pandemic and the uncertainty of its severity and duration, the board of directors of the Company authorized a decrease in its daily distribution for the period April 2020 through November 2020. The daily distribution rate dropped from $0.001643836 per share ($0.60 annualized) to $0.001095890 per share ($0.40 annualized). 

Source:  SEC