** Shares of real estate investment trust CMCT drop ~4% to $1.91 after halving quarterly dividend
** Co to pay dividend of $0.04/shr vs prior payout of $0.085/shr
** CMCT also shelves planned asset sale, says will borrow against the assets instead of via a refinancing arrangement
** Received fair offers for the assets but the would-be buyer was unable to close the deal, CMCT says
** Proceeds from the refinancing will be used to repay debt and invest in premier multifamily properties - CMCT
** CMCT also plans to redeem some preferred shares to shore up capital
** Preferred shares can be burdensome for a company since they carry higher dividends
** YTD as of Friday, stock had lost ~46%
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。