STORE Capital Declares Third Quarter 2022 Dividend
19 September 2022 - 2:31PM
Business Wire
Increases Quarterly Dividend 6.5%
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.
Under the terms of the Merger Agreement, following the payment
of the foregoing dividend, the Company may not pay further
dividends, except as necessary to preserve its tax status as a
REIT.
About STORE Capital
STORE Capital Corporation is an internally managed net-lease
REIT that is a leader in the acquisition, investment and management
of Single Tenant Operational Real Estate, which is its target
market and the inspiration for its name. STORE is one of the
largest and fastest growing net-lease REITs and owns a large,
well-diversified portfolio that consists of investments in more
than 3,000 property locations across the United States,
substantially all of which are profit centers. Additional
information about STORE can be found on its website at
www.storecapital.com.
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Investors or Media: Moira Conlon, 310-622-8220 Megan McGrath,
310-622-8248
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