Pacific Office Properties Trust, Inc. (NYSE Amex: PCE), a West Coast
office REIT, announced today that its Board of Directors has declared
daily cash dividends per share of its senior common stock for the months
of July and August 2011 at the annualized rate of 7.25% on its offering
price of $10.00. The daily dividends for each month will be aggregated
and paid on or about the 15th of the following month.
The Board of Directors declined to declare distributions on the
preferred units and common units of the Company’s operating partnership
and declined to declare dividends on the Company’s common stock for the
second quarter 2011.
About Pacific Office Properties Trust, Inc.
Pacific Office Properties Trust, Inc. (www.pacificofficeproperties.com)
is a self-administered and self-managed real estate investment trust
that owns and operates primarily institutional-quality office properties
principally in selected long-term growth markets in southern California
and Hawaii. The Company’s strategy is to acquire, often in partnership
with institutional co-investors, value-added office buildings whose
potential can be maximized through improvements, repositioning and
superior leasing and management.
Certain Information About Forward-Looking
Statements
This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. We intend such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and are including this statement for
purposes of complying with those safe harbor provisions. Forward-looking
statements are not historical information and are based on current
expectations and involve risks and uncertainties. Without limiting the
generality of the foregoing, words such as "should”, "may”, "will”,
"expect”, "believe”, "anticipate”, "intend”, "could”, "estimate”, or
"continue”, or the negative or other variations thereof or comparable
terminology, are intended to identify forward-looking statements. The
risks and uncertainties inherent in such statements may cause actual
future events or results to differ materially and adversely from those
described in the forward-looking statements. Important factors that may
cause a difference between projected and actual results for Pacific
Office Properties Trust, Inc. are discussed in the Company’s filings
from time to time with the SEC. Pacific Office Properties Trust, Inc.
disclaims any obligation to revise or update any forward-looking
statements that may be made from time to time by it or on its behalf.
