Signature Office REIT Announces Distribution for Fourth Quarter

Signature Office REIT Announces Distribution for Fourth Quarter

Non-traded, core office-centered REIT, Signature Office REIT, recently announced its fourth quarter distribution of $0.375 (37.5 cents) per share. Formerly known as Wells Core Office Income REIT, Signature Office REIT commenced operations in 2010 and provides income in the form of quarterly distributions. 

The fourth quarter distribution will be paid to shareholders of record as of December 15, 2014, and will be paid around December 17, 2014. If distributions in this amount were paid each quarter, it would amount to an annualized 6% yield based on a share purchase price of $25.

Signature Office REIT shareholders were the target of a tender offer this summer by a subsidiary of Mackenzie Capital Management, which Signature Office REIT’s board of directors advised stockholders not to accept.

Currently, Signature Office REIT’s portfolio is comprised of 15 office buildings in 8 states, totaling over 2.6 million square-feet.