UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 1, 2016
Monmouth Real Estate Investment Corporation
(Exact name of registrant as specified in its charter)
| Maryland | 001-33177 | 22-1897375 | ||
(State or other jurisdiction of incorporation) |
(State or Number) other jurisdiction Number) |
(I.R.S. Employer Identification No.) |
Juniper Business Plaza, Suite 3-D
3499 Route 9 North
Freehold, New Jersey 07728
(Address of principal executive offices) (Zip Code)
(732) 577-9996
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure.
On July 1, 2016, the Company issued a press release announcing the declaration of quarterly dividends on the common and preferred stock.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99 Press Release dated July 1, 2016
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
| Dated: July 5, 2016 | By: | /s/ Kevin S. Miller |
Kevin S. Miller Chief Financial Officer and Chief Accounting Officer |
| FOR IMMEDIATE RELEASE | July 1, 2016 |
Contact: Susan Jordan 732-577-9996 |
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, July 1, 2016…...On July 1, 2016, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company’s Common Stock of $0.16 per share payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. The Company’s annual dividend rate on its Common Stock is $0.64 per share.
On July 1, 2016, the Board of Directors declared a dividend for the period commencing June 1, 2016 through August 31, 2016, of $0.4765625 per share on the Company’s 7.625% Series A Cumulative Redeemable Preferred Stock payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.
Also on July 1, 2016, the Board of Directors declared a dividend for the period June 1, 2016 through August 31, 2016, of $0.4921875 per share on the Company’s 7.875% Series B Cumulative Redeemable Preferred Stock payable September 15, 2016, to shareholders of record at the close of business on August 15, 2016. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.
Monmouth Real Estate Investment Corporation, founded in 1968 is one of the oldest public equity REITs in the U.S. The Company specializes in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate Investment Corporation is a fully-integrated and self-managed real estate company, whose property portfolio consists of ninety-seven properties located in thirty states, containing a total of approximately 15.1 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
#####