Front Yard Residential Corporation Announces Quarterly Cash Dividend
20 Juin 2018 - 12:45PM
Front Yard Residential Corporation (“Front Yard” or the “Company”)
(NYSE:RESI) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.15 per share of
common stock. Front Yard will pay this quarterly dividend on
July 13, 2018 to all stockholders of record as of the
close of business on June 29, 2018.
About Front Yard
Front Yard is an industry leader in providing quality,
affordable rental homes to America’s families. Our homes offer
exceptional value in a variety of suburban communities which have
easy accessibility to metropolitan areas. Front Yard's tenants
enjoy the space and comfort that is unique to single-family
housing, at reasonable prices. Our mission is to provide our
tenants with houses they are proud to call home. Additional
information is available at www.frontyardresidential.com.
Forward-looking statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding management’s beliefs, estimates, projections,
anticipations and assumptions with respect to, among other things,
the Company’s financial results, future operations, business plans
and investment strategies as well as industry and market
conditions. These statements may be identified by words such as
“anticipate,” “intend,” “expect,” “may,” “could,” “should,”
“would,” “plan,” “estimate,” “seek,” “believe” and other
expressions or words of similar meaning. We caution that
forward-looking statements are qualified by the existence of
certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the
forward-looking statements. Factors that could cause the Company's
actual results to differ materially from these forward-looking
statements may include, without limitation, our ability to
implement our business strategy; our ability to make distributions
to stockholders; our ability to complete potential transactions in
accordance with anticipated terms and on a timely basis or at all;
the Company's ability to integrate newly acquired rental assets
into the portfolio; difficulties in identifying single-family
properties to acquire; the impact of changes to the supply of,
value of and the returns on single-family rental properties; the
Company’s ability to acquire single-family rental properties
generating attractive returns; the Company’s ability to sell
residential mortgage assets or non-rental real estate owned on
favorable terms or at all; the Company’s ability to predict costs;
the Company’s ability to effectively compete with competitors;
changes in interest rates; changes in the market value of
single-family properties; the Company’s ability to obtain and
access financing arrangements on favorable terms or at all; the
Company’s ability to apply the net proceeds from financings or
asset sales to acquire target assets in a timely manner or at all;
the Company’s ability to retain the exclusive engagement of
Altisource Asset Management Corporation; the failure of Altisource
Portfolio Solutions S.A. and its affiliates to effectively perform
their obligations under various agreements with the Company; the
failure of Main Street Renewal, LLC to effectively perform under
its property management agreement with the Company; the Company's
failure to qualify or maintain qualification as a REIT; the
Company’s failure to maintain its exemption from registration under
the Investment Company Act of 1940, as amended; the impact of
adverse real estate, mortgage or housing markets; the impact of
adverse legislative or regulatory tax changes and other risks and
uncertainties detailed in the “Risk Factors” and other sections
described from time to time in the Company's current and future
filings with the Securities and Exchange Commission. In addition,
financial risks such as liquidity, interest rate and credit risks
could influence future results. The foregoing list of factors
should not be construed as exhaustive.
The statements made in this press release are current as of the
date of this press release only. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements or any other information contained herein, whether as a
result of new information, future events or otherwise.
FOR FURTHER INFORMATION CONTACT:Robin N.
LoweChief Financial OfficerT: +1-345-815-9919E:
Robin.Lowe@AltisourceAMC.com
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