Today
we are announcing further measures to ensure our liquidity, including
the temporary suspension of our monthly cash dividend to common
shareholders and a planned suspension of our share repurchase program”
commented CEO Greg Silvers, adding “We do not take these steps lightly;
however, given the uncertainties that exist, we believed it unwise to
burden our future with a higher leveraged balance sheet.”
The
dividend will be suspended following the $0.3825 common share dividend
payable May 15, 2020. The EPR board has previously declared monthly cash
dividends during the first quarter of 2020 totaling $1.1325 per share.
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