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Sila Realty Trust Inc.
04/17/2024 | Press release | Distributed by Public on 04/17/2024 14:38
Material Event - Form 8-K
Item 8.01 Other Events.
Class A Distributions Authorized
On April 15, 2024, the board of directors (the "Board") of Sila Realty Trust, Inc. (the "Company") approved and authorized a daily distribution to the Company's Class A stockholders of record as of the close of business on each day of the period commencing on May 1, 2024 and ending on May 31, 2024. The distributions for May 2024 will be calculated based on 366 days in the calendar year and, accounting for the 1-for-4 reverse stock split the Company will effectuate on May 1, will be equal to $0.00437158 per share of Class A common stock, which is equal to an annualized distribution of $1.60 per share of Class A common stock. The distributions declared for each record date in May 2024 will be paid in June 2024. The distributions will be payable to stockholders from legally available funds therefor.
Class I Distributions Authorized
On April 15, 2024, the Board approved and authorized a daily distribution to the Company's Class I stockholders of record as of the close of business on each day of the period commencing on May 1, 2024 and ending on May 31, 2024. The distributions for May 2024 will be calculated based on 366 days in the calendar year and, accounting for the 1-for-4 reverse stock split the Company will effectuate on May 1, will be equal to $0.00437158 per share of Class I common stock, which is equal to an annualized distribution of $1.60 per share of Class I common stock. The distributions declared for each record date in May 2024 will be paid in June 2024. The distributions will be payable to stockholders from legally available funds therefor.
Class T Distributions Authorized
On April 15, 2024, the Board approved and authorized a daily distribution to the Company's Class T stockholders of record as of the close of business on each day of the period commencing on May 1, 2024 and ending on May 31, 2024. The distributions for May 2024 will be calculated based on 366 days in the calendar year and, accounting for the 1-for-4 reverse stock split the company will effectuate on May 1, will be equal to $0.00437158 per share of Class T common stock, which is equal to an annualized distribution of $1.60 per share of Class T common stock. The distributions declared for each record date in May 2024 will be paid in June 2024. The distributions will be payable to stockholders from legally available funds therefor.