LAS VEGAS, Dec. 15, 2021 /PRNewswire/ — MGM Progress Properties LLC (“MGP”) (NYSE:MGP) at this time introduced that its board of administrators declared a quarterly money dividend of $0.525 per Class A standard share for the fourth quarter. On an annualized foundation, the dividend of $2.10 represents a rise of $0.02 per share. That is the fifteenth dividend improve since MGP’s preliminary public providing in April 2016. The dividend will likely be payable on January 14, 2022 to shareholders of file as of the shut of enterprise on December 31, 2021.
About MGM Progress Properties LLC
MGM Progress Properties LLC (NYSE:MGP) is without doubt one of the main publicly traded actual property funding trusts engaged within the acquisition, possession and leasing of large-scale vacation spot leisure and leisure resorts, whose various facilities embrace on line casino gaming, lodge, conference, eating, leisure and retail choices. MGP, along with its three way partnership, at the moment owns a portfolio of properties, consisting of 12 premier vacation spot resorts in Las Vegas and elsewhere throughout the US, MGM Northfield Park in Northfield, OH, Empire Resort On line casino in Yonkers, NY, in addition to a retail and leisure district, The Park in Las Vegas. As of December 31, 2020, MGP’s portfolio of vacation spot resorts, the Park, Empire Resort On line casino, and MGM Northfield Park collectively comprised roughly 32,400 lodge rooms, 1.5 million on line casino sq. footage, and three.6 million conference sq. footage. As a growth-oriented public actual property entity, MGP expects its relationship with MGM Resorts and different leisure suppliers to attractively place MGP for the acquisition of extra properties throughout the leisure, hospitality and leisure industries. For extra details about MGP, go to the Firm’s web site at http://www.mgmgrowthproperties.com.
This press launch consists of “forward-looking” statements and “protected harbor statements” inside the that means of the Personal Securities Litigation Reform Act of 1995 that contain dangers and/or uncertainties, together with these described in MGP’s public filings with the Securities and Alternate Fee. MGP has based mostly forward-looking statements on administration’s present expectations and assumptions and never on historic info. These forward-looking statements contain numerous dangers and uncertainties. Among the many necessary elements that might trigger precise outcomes to vary materially from these indicated in such forward-looking statements embrace dangers associated to MGP’s capability to obtain, or delays in acquiring, any regulatory approvals required to personal its properties, or different delays or impediments to finishing MGP’s deliberate acquisitions or tasks, together with any acquisitions of properties from MGM; the final word timing and end result of any deliberate acquisitions or tasks; MGP’s capability to take care of its standing as a REIT; the supply of and the power to establish appropriate and enticing acquisition and growth alternatives and the power to amass and lease these properties on favorable phrases; MGP’s capability to entry capital via debt and fairness markets in quantities and at charges and prices acceptable to MGP; adjustments within the U.S. tax regulation and different state, federal or native legal guidelines, whether or not or not particular to REITs or to the gaming or lodging industries; and different elements described in MGP’s periodic stories filed with the Securities and Alternate Fee. In offering forward-looking statements, MGP will not be enterprise any obligation or obligation to replace these statements publicly on account of new info, future occasions or in any other case, besides as required by regulation. If MGP updates a number of forward-looking statements, no inference needs to be drawn that it’ll make extra updates with respect to these different forward-looking statements.
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SOURCE MGM Progress Properties LLC