Broadmark Realty Capital Declares Monthly Dividend for November 2022
16 Novembre 2022 - 1:30PM
Business Wire
Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark”
or the “Company”), a specialty real estate finance company,
announced today that its Board of Directors has declared a cash
dividend of $0.035 per share of common stock for November 2022. The
dividend will be payable on December 15, 2022 to stockholders of
record as of November 30, 2022.
“While we are confident in the future of our business, these are
challenging economic times. We are committed to running the Company
in a manner that positions Broadmark for success, which requires
difficult decisions. Aligning our dividend to our distributable
earnings will preserve capital and build additional liquidity. We
believe this is the right approach and in the best interests of our
shareholders over time,” stated Jeff Pyatt, Broadmark’s Interim
Chief Executive Officer.
About Broadmark Realty Capital Broadmark is a specialty
real estate finance company, providing financing solutions
generally in the $5 to $75 million range per transaction. The
company provides smart, reliable, rapid solutions across the entire
debt capital stack, including senior, subordinate, and
participation investments with fixed and floating rate structures
available. Broadmark invests in a variety of new construction and
existing properties across all asset classes throughout the United
States, including hotel, industrial, medical, mixed-use, office,
retail, self-storage, warehouse, multifamily, senior living,
student housing, condos, larger scaled single-family, townhome, and
multiplex. It has the competitive advantage of being an internally
managed balance sheet lender, and the company’s proactive approach
delivers dedicated in-house underwriting, asset management, loan
servicing, and draw administration.
Forward Looking Statements
Certain statements made herein are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. Forward-looking statements generally are accompanied by words
such as “may”, “should”, “would”, “plan”, “intend”, “anticipate”,
“believe”, “estimate”, “predict”, “potential”, “seem”, “seek”,
“continue”, “future”, “will”, “expect”, “outlook” or other similar
words, phrases or expressions. These statements are based on the
current expectations and are not predictions of actual performance.
In addition, actual results are subject to other risks and
uncertainties that relate more broadly to the Company’s overall
business, including those more fully described in the Company’s
filings with the Securities and Exchange Commission.
Forward-looking statements are not guarantees of performance, and
speak only as of the date made, and the Company undertakes no
obligation to update or revise any forward-looking statements
except as required by law.
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Broadmark Realty Capital (NYSE:BRMK)
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