Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders
30 April 2024 - 10:05PM
Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of
the nation’s largest owners and operators of grocery-anchored
neighborhood shopping centers, today announced that its Board of
Directors declared monthly dividend distributions of $0.0975 per
share of the Company’s common stock payable on June 4, 2024; July
2, 2024; and August 1, 2024 to stockholders of record as of May 15,
2024; June 17, 2024; and July 15, 2024, respectively. Operating
partnership unit holders receive distributions at the same rate as
common stockholders, subject to the required tax withholding.
Earlier in the day, PECO held its annual meeting
of stockholders in a virtual-only format. At the annual meeting,
PECO’s stockholders re-elected all of PECO’s directors: Jeffrey S.
Edison; Leslie T. Chao; Elizabeth O. Fischer; Stephen R. Quazzo;
Jane E. Silfen; John A. Strong; Anthony E. Terry; Parilee E. Wang;
and Gregory S. Wood, to its Board of Directors for one-year terms.
Stockholders also approved a non-binding, advisory resolution on
the compensation of PECO’s named executive officers; approved an
annual frequency of future say-on-pay proposals on an advisory
basis; and ratified the appointment of Deloitte & Touche LLP as
PECO’s independent registered public accounting firm for 2024.
Connect with PECO For
additional information, please visit
https://www.phillipsedison.com/
Follow PECO on:Twitter at
https://twitter.com/PhillipsEdison Facebook at
https://www.facebook.com/phillipsedison.co Instagram at
https://www.instagram.com/phillips.edison/; and Find PECO on
LinkedIn at
https://www.linkedin.com/company/phillipsedison&company
About Phillips Edison &
CompanyPhillips Edison & Company, Inc. (“PECO”) is one
of the nation’s largest owners and operators of omni-channel
grocery-anchored shopping centers. Founded in 1991, PECO has
generated strong results through its vertically-integrated
operating platform and national footprint of well-occupied shopping
centers. PECO’s centers feature a mix of national and regional
retailers providing necessity-based goods and services in
fundamentally strong markets throughout the United States. PECO’s
top grocery anchors include Kroger, Publix, Albertsons and Ahold
Delhaize. As of March 31, 2024, PECO managed 304 shopping centers,
including 284 wholly-owned centers comprising 32.4 million square
feet across 31 states and 20 shopping centers owned in one
institutional joint venture. PECO is focused on creating great
omni-channel, grocery-anchored shopping experiences and improving
communities, one neighborhood shopping center at a time.
PECO uses, and intends to continue to use, its
Investors website, which can be found at
https://investors.phillipsedison.com, as a means of disclosing
material nonpublic information and for complying with its
disclosure obligations under Regulation FD.
Forward-Looking StatementsThis
press release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements can generally be identified
by the Company’s use of forward-looking terminology such as “may,”
“will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,”
“continue,” “seek,” “objective,” “goal,” “strategy,” “plan,”
“focus,” “priority,” “should,” “could,” “potential,” “possible,”
“look forward,” “optimistic,” or other similar words. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Such statements are subject to known and unknown risks and
uncertainties, which could cause actual results to differ
materially from those projected or anticipated, including the risk
factors and other risks and uncertainties described in the
Company’s 2023 Annual Report on Form 10-K, filed with the SEC on
February 12, 2024, as updated from time to time in the Company’s
periodic and/or current reports filed with the SEC, which are
accessible on the SEC’s website at www.sec.gov. Except as required
by law, the Company does not undertake any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Investors Kimberly Green, Head
of Investor Relations (513) 692-3399, kgreen@phillipsedison.com
Media Cherilyn Megill, Chief
Marketing Officer(801) 415-4373, cmegill@phillipsedison.com
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