Brief: Griffin Industrial Realty Says Expects To Distribute Accumulated Earnings And Profits Of About $14 Million-$19 Million To Stockholders

Indus Realty Trust

04/03/2020 13:29

March 4 (Reuters) - Griffin Industrial Realty Inc  GRIF.O :
    * GRIFFIN INDUSTRIAL REALTY - EXPECTS TO DISTRIBUTE
ACCUMULATED
EARNINGS AND PROFITS OF ABOUT $14 MILLION-$19 MILLION TO
STOCKHOLDERS
    * GRIFFIN INDUSTRIAL REALTY - ACCUMULATED E&P TO BE PAID OUT
IN A
COMBINATION OF AT LEAST 20% IN CASH AND UP TO 80% IN GRIFFIN
COMMON STOCK
    * GRIFFIN INDUSTRIAL REALTY - INTENDS TO DISTRIBUTE
SUBSTANTIALLY
ALL OF E&P DISTRIBUTION IN Q4 2020
    * GRIFFIN INDUSTRIAL REALTY INC - DO NOT EXPECT A MATERIAL
CHANGE
IN OUR DIVIDEND RATE IN NEAR TERM

Source text for Eikon:  ID:nGNX1tSSCC 
Further company coverage:  GRIF.O 

 ((Reuters.Briefs@thomsonreuters.com;))