Gaming and Leisure Properties, Inc. Announces Shareholder Election Effects for 3rd Quarter …

Beulah R. Hayes

Press release articles from Globe Newswire. The AP information personnel was not included in its creation.

WYOMISSING, Pa., Sept. 23, 2020 (Globe NEWSWIRE) — Gaming and Leisure Attributes, Inc. (“GLPI” or the “Company”) (NASDAQ: GLPI) announced nowadays the effects of shareholder elections relating to the quarterly dividend declared by its Board of Administrators on August 6, 2020. The dividend of $.60 for each share of the Company’s popular stock, par value $.01 for every share, is composed of a combination of money and shares and will be compensated on September 25, 2020 to shareholders of report on August 17, 2020.

Primarily based on shareholder elections, the dividend will be paid in the variety of around $26 million in funds and about 2.8 million shares of the Company’s typical stock. The variety of shares incorporated for the widespread stock dividend election was calculated primarily based on the quantity weighted common of the closing rates of the Company’s widespread stock on the Nasdaq Inventory Market for September 16, September 17 and September 18, 2020, or $37.7635 for each share. Summarized benefits of the dividend elections are as follows:

  • To shareholders electing to receive the dividend in all stock, the Organization will spend the dividend in shares of frequent stock.
  • To shareholders electing to acquire the dividend in all funds, the Corporation will pay out the dividend in the variety of close to $.13 for each share in funds and $.47 for every share in frequent stock.
  • To shareholders not earning an election, the Organization will pay the dividend in the variety of $.12 for each share in funds and $.48 per share in widespread stock.
  • The Business will pay fractional shares of the common stock dividend in income.

If your shares are held as a result of a lender, broker or nominee, and you have inquiries pertaining to the dividend, make sure you call these kinds of bank, broker or nominee. If you are a registered shareholder and you have issues about the dividend, you could phone the election agent for the dividend, Broadridge Company Issuer Answers, Inc., at (888) 789-8409.

About Gaming and Leisure Qualities

GLPI is engaged in the business of acquiring, financing, and owning serious estate assets to be leased to gaming operators in triple-internet lease preparations, pursuant to which the tenant is dependable for all facility upkeep, insurance coverage demanded in relationship with the leased houses and the business enterprise conducted on the leased homes, taxes levied on or with regard to the leased attributes and all utilities and other products and services needed or proper for the leased homes and the business carried out on the leased houses. GLPI elected to be taxed as a actual estate financial commitment have confidence in (“REIT”) for U.S. federal income tax uses commencing with the 2014 taxable calendar year and was the first gaming-targeted REIT in North America.

Get hold of
Trader Relations – Gaming and Leisure Properties, Inc.
Joseph Jaffoni, Richard Land, James Leahy
[email protected]

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