STORE Capital Corporation (NYSE: STOR, “STORE Capital,” “STORE” or the “Company”), an internally managed net-lease real estate investment trust (“REIT”) that invests in Single Tenant Operational Real Estate, today announced that it has declared a regular quarterly cash dividend on its common stock of $0.41 per share for the third quarter ending September 30, 2022, which represents an increase of 6.5% over the previous quarterly dividend. The dividend will be paid on October 17, 2022 to STORE Capital stockholders of record as of the close of business on September 30, 2022.
The quarterly dividend was declared in accordance with the Agreement and Plan of Merger, dated as of September 15, 2022 (the "Merger Agreement"), by and among STORE, Ivory Parent, LLC, a Delaware limited liability company (“Parent”) and Ivory REIT, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent (“Merger Sub” and, together with Parent, the “Parent Parties”) relating to the previously announced merger of STORE and Merger Sub. The Parent Parties are affiliates of GIC, a global institutional investor, and Oak Street Real Estate Capital, a division of Blue Owl, Inc.
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