LAS VEGAS, NV) – MVP REIT, Inc., a publicly registered,
non-traded hybrid real estate investment trust, announced its board of
directors has approved an increase in its monthly distribution.
The current distribution rate is equal to an annualized
distribution rate of 6.7 percent, or $0.05025 monthly, assuming a purchase
price of $9.00 per share.
The annualized distribution rate, previously 6.2 percent,
will increase with the June distribution, to be paid on July 10 to stockholders
of record as of June 24.
The Board has provided management the authorization in the
future to raise the annualized distribution rate up to 7.0 percent depending on
the performance of MVP REIT. This statement corrects a statement dated June 4,
2013 which had an erroneous annualized distribution rate.
For a complete copy of the company’s news release, please
contact:
Jill Swartz
Spotlight Communications
(949) 427-5172 ext. 701
No comments:
Post a Comment