REGENCY AFFILIATES ANNOUNCES QUARTERLY DIVIDEND
REGENCY AFFILIATES ANNOUNCES QUARTERLY DIVIDEND
Second Quarter Dividend Set At 7.5 Cents Per Common Share
季度股息設定爲7.5 每股普通股爲美分
NEW YORK, June 20, 2024 /PRNewswire/ -- Regency Affiliates, Inc. (OTC Pink: RAFI) ("Regency") today announced that it will pay a quarterly dividend of 7.5 cents per common share on July 8, 2024, to shareholders of record at the close of trading on June 28, 2024.
紐約,2024年6月20日/美通社/--Regency Affiliates, Inc. (OTC Pink: RAFI) ("Regency")今天宣佈,將於2024年7月8日向截至2024年6月28日交易結束的股東支付每股普通股7.5美分的季度股息。
Management Comments
關於Innocan
"We are pleased to declare a quarterly dividend of 7.5 cents per common share reflecting a 3.4% increase over the quarterly dividend paid in July 2023," commented Laurence Levy, Chairman, CEO and CFO of Regency. "We continue to be comfortable with this dividend level particularly as we benefit from the cash flows generated by the portfolio of self-storage assets in and around Harrisburg, Pennsylvania, and our cash resources."
Regency的董事長,首席執行官和首席財務官勞倫斯·萊維評論說:"我們很高興宣佈每股普通股的季度股息爲7.5美分,反映出相比於2023年7月支付的季度股息增加了3.4%。特別是當我們從位於賓夕法尼亞哈里斯堡周圍的自存儲資產組合所產生的現金流以及我們的現金資源中受益時,我們繼續對這種股息水平感到滿意。
"Regency owns five stand-alone self-storage facilities in the Harrisburg, Pennsylvania vicinity acquired for a total purchase price of $35MM of which $25.3MM was financed via a non-recourse ten-year debt financing, with a four-year interest only period that ended in May 2020 and thereafter a thirty-year amortization schedule. The debt financing has a fixed interest rate of 5% per annum and matures on May 6, 2026. The facilities were purchased via a joint venture with SSCP Management LLC ("SSCP"). Pursuant to the terms of the joint venture, Regency earns a 7.5% per annum preferred distribution on its $11.2MM capital contribution. Surplus cash flow after the preferred distribution is allocated 80% to Regency and 20% to SSCP. Regency received a distribution from the joint venture in the second quarter of 2024 in the amount of $210,576 reflecting the 7.5% per annum preferred distribution driven by the strong ongoing operating performance of the investment. Surplus cash over and above the 7.5% per annum preferred distribution is currently retained within the venture. Such surplus cash exceeds $3.4MM and is invested in short-term US Treasuries. We remain pleased with the continued strong occupancy and related cash flows at our self-storage facilities."
"Regency擁有五個獨立的自存儲設施位於賓夕法尼亞哈里斯堡附近,總購買價值爲3500萬美元,其中2530萬美元通過非追索期限爲十年的債務融資獲得,其中利息僅爲四年,於2020年5月結束,之後爲三十年的分期付款計劃。債務融資年固定利率爲5%,於2026年5月到期。通過聯合企業購買了這些設施,該企業的條款規定,Regency獲得每年11.2萬美元的首選分配率達到7.5%/年。超過首選分配的剩餘現金流分配比例爲80%給Regency,20%給SSCP。Regency在2024年第二季度從聯營企業中獲得了210,576美元的分配,反映出由投資的持續強勁運營表現所推動的7.5%的年度首選分配。超過首選分配的剩餘現金目前在聯營企業中保留,且超過了340萬美元,已投資於短期美國國債。我們對自存儲設施持續強勁的出租率和相關現金流量感到滿意。
"Our Security West investment represents a 50% limited partnership interest in real estate previously occupied under a lease with the United States General Services Administration ("GSA"). On September 30, 2021, Security Land and Development Company Limited Partnership received a notice under GSA's lease to terminate the lease and vacate the building effective November 1, 2023."
"我們在Security West的投資代表了之前在租賃協議下與美國總務管理局(GSA)合作的房地產的50%有限合夥利益。 2021年9月30日,Security Land and Development Company Limited Partnership根據GSA的租約收到了一份終止租約並於2023年11月1日撤離該建築的通知。"
"While the lease termination by GSA creates uncertainty about Regency's investment in Security West, we have several reasons to be optimistic about this investment. Security West management is currently working with a team of professional real estate advisors and is evaluating alternative uses for the facility and real estate. At the lease termination date on November 1, 2023, the partnership was debt free and held cash in excess of $7.5MM which provides significant financial flexibility. Security West's manager has expressed confidence that, based on current markets conditions and other factors, there should be demand for Security West's space or real estate from private sector tenants or investors. We will keep our shareholders updated about future developments at Security West."
"雖然GSA的租賃終止給Regency在Security West方面的投資帶來了不確定性,但我們有幾個樂觀的原因來看好這項投資。Security West管理團隊目前正在與一支專業的房地產顧問團隊合作,評估設施和房地產的替代用途。在2023年11月1日租賃終止之日,合夥企業沒有負債且保留了超過7.5百萬美元的現金,可提供重要的財務靈活性。Security West的管理團隊表示在當前市場條件和其他因素的基礎上,應該會有私營部門租戶或投資者對Security West的空間或房地產表現出需求。關於Security West未來發展的情況,我們將隨時向股東更新。
"We are continuing to review and evaluate further investment and cost reduction opportunities for Regency and intend to grow the company by acquiring or otherwise investing in other attractive long-term businesses that meet our investment characteristics and valuation criteria."
"我們正在繼續審查和評估Regency的更多投資和成本降低機會,並打算通過收購或以其他方式投資於其他具有吸引力的符合我們的投資特徵和估值標準的長期業務來擴大公司的規模。"
In order to facilitate efficient processing of the dividend, management strongly suggests all shareholders with shares held in certificate form contact our transfer agent, Transfer Online, Inc. at (503) 227-2950 and confirm that the registration information is correct
爲了便於高效處理股息,管理層強烈建議所有持有證書形式的股份的股東聯繫我們的轉移代理Transfer Online, Inc.(電話:(503)227-2950),並確認註冊信息是否正確
About Regency Affiliates
關於Regency Affiliates
Regency Affiliates, Inc. invests in businesses that generate attractive, predictable and sustainable returns on capital. We are currently invested in two assets:
Regency Affiliates, Inc.投資於產生具有吸引力,可預測和可持續回報的資本的企業。目前,我們投資於兩項資產:
- A majority joint-venture interest in a portfolio of five stand-alone self-storage facilities in the Harrisburg, Pennsylvania vicinity comprising approximately 337,000 square feet of net rentable space in excess of 2,500 climate and non-climate-controlled storage units; and
- A 50% limited partnership interest in the Security West Complex located on 34.3 acres in Woodlawn, Maryland. The facility is occupied under a lease with the United States General Services Administration. On September 30, 2021, Security Land and Development Company Limited Partnership received a notice under GSA's lease for the Security West building to terminate the lease and vacate the building effective November 1, 2023.
- 位於賓夕法尼亞州哈里斯堡附近的五個獨立自存儲設施的大多數聯營利益,總共超過2500個氣候和非氣候受控的儲物櫃,淨可租面積約爲33.7萬平方英尺
- 位於馬里蘭州伍德勞恩的Security West綜合體的50%有限合夥利益,佔地34.3英畝。該設施在美國總務管理局租賃協議下使用。2021年9月30日,Security Land and Development Company Limited Partnership根據GSA的租約收到了一份終止租賃並於2023年11月1日撤離該建築的通知。
Forward-Looking Statements
前瞻性聲明
This press release contains forward-looking statements. Forward-looking statements are statements that are predictive in nature or depend on or refer to future events and can be identified by the words "may," "might," "will," "should," "anticipate," "believe," "expect," "intend," "estimate," "hope," or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Future events and actual results affecting our strategic plan as well as our financial position, results of operations and cash flows, could differ materially from those described in or contemplated by the forward-looking statements. Important factors that contribute to such risks include, but are not limited to, a default or catastrophe involving the properties in which we invest, the extent to which we are able to raise additional capital, and competition for additional investment opportunities. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For a more detailed description of these uncertainties and other factors, please see our website at .
本新聞稿包含前瞻性聲明。前瞻性聲明是具有預測性質的聲明,或依賴或涉及未來事件,並可以通過"可能","會","將","應該","預測","相信","期望","打算","估計","希望"等表達方式進行識別。前瞻性聲明本質上存在風險和不確定性,其中許多風險和不確定性無法準確預測或超出了我們的控制權。有些情況可能甚至不會被預期。請注意不要過度依賴這些前瞻性聲明,它們僅在發佈之日有效。未來的事件以及實際結果將影響我們的戰略計劃以及我們的財務狀況、業績和現金流量,可能與前瞻性聲明中描述或考慮的情況不同。導致此類風險的重要因素包括;與我們投資的財產有關的違約或災難,我們能否籌集額外的資本以及對額外的投資機會的競爭。我們將不承擔更新或修訂任何前瞻性聲明的義務,無論是因爲新信息、未來事件還是其他原因。有關這些不確定性和其他因素的更詳細描述,請參見我們的網站。
SOURCE Regency Affiliates, Inc.
Regency Affiliates, Inc.的消息來源。