Brief: Tremont Mortgage Trust And Rmr Mortgage Trust Announce Agreement To Merge

Seven Hills Realty Trust

26/04/2021 21:50

April 26 (Reuters) - Tremont Mortgage Trust  TRMT.O :
    * TREMONT MORTGAGE TRUST AND RMR MORTGAGE TRUST ANNOUNCE
AGREEMENT
TO MERGE
    * TREMONT MORTGAGE TRUST - EACH TRMT COMMON SHARE WILL BE
CONVERTED INTO 0.520 OF ONE NEWLY ISSUED RMRM COMMON SHARE
    * TREMONT MORTGAGE TRUST - BASED ON CLOSING PRICES ON APRIL
23,
2021, IMPLIED OFFER PRICE IS APPROXIMATELY $6.55 PER TRMT COMMON
SHARE
    * TREMONT MORTGAGE TRUST - DEAL EXPECTED TO BE ACCRETIVE TO
2022
DISTRIBUTABLE EARNINGS

Source text for Eikon:  ID:nBw3RmWq0a 
Further company coverage:  TRMT.O 

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