NEWTON, Mass.–(BUSINESS WIRE)–Select Income REIT (NYSE: SIR) today announced the declaration of a pro
rata distribution of approximately half of the shares of Class A Common
Stock of The RMR Group Inc. (“RMR”) owned by SIR to holders of SIR’s
common shares of beneficial interest.
The distribution will be paid to SIR’s common shareholders of record as
of the close of business on November 27, 2015 and distributed on or
about December 14, 2015. Each common shareholder of SIR entitled to
receive RMR shares in the distribution will receive 0.0177 of a share of
Class A Common Stock of RMR for each common share of beneficial interest
of SIR it holds and each registered shareholder and Depositary Trust
Company participant will receive cash, without interest, in lieu of any
fractional RMR share that it would be otherwise entitled to receive as a
result of the distribution.
A registration statement filed by RMR relating to SIR’s distribution of
shares of Class A Common Stock of RMR was declared effective by the
Securities and Exchange Commission on November 16, 2015. The
distribution is subject to the registration statement remaining
effective and to the RMR shares remaining listed on The NASDAQ Stock
Market LLC (NASDAQ) through the distribution date. This press release is
neither an offer to sell nor a solicitation of an offer to buy shares of
Class A Common Stock of RMR, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
WARNING CONCERNING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER SIR USES
WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”, “INTEND”, “PLAN”,
“ESTIMATE” OR SIMILAR EXPRESSIONS, SIR IS MAKING FORWARD LOOKING
STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON SIR’S
PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS
ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER
MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY THESE FORWARD LOOKING
STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE, SIR EXPECTS TO
PAY THE DISTRIBUTION ON OR ABOUT DECEMBER 14, 2015. THE DISTRIBUTION IS
SUBJECT TO THE CONTINUED EFFECTIVENESS OF THE REGISTRATION STATEMENT
COVERING THE RMR SHARES OF CLASS A STOCK TO BE DISTRIBUTED AND THE
CONTINUED LISTING OF THE RMR SHARES ON THE NASDAQ. THESE CONDITIONS MAY
NOT BE SATISFIED AND, AS A RESULT, THE DISTRIBUTION MAY BE DELAYED, MAY
NOT OCCUR OR THE TERMS MAY CHANGE.
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.
EXCEPT AS REQUIRED BY LAW, SIR DOES NOT INTEND TO UPDATE OR CHANGE ANY
FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS
OR OTHERWISE.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.
No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.