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Real estate industry

Dividend Capital Total Realty Trust Inc. Completes Public Offering and Commences Operations

Strategic Insights

— 1 min read

Dividend Capital Total Realty Trust Inc. has successfully raised $2 billion in equity capital through its public offering of common stock, satisfying the minimum offering requirements. The company has commenced formal business operations, marking an important milestone in its development as a Real Estate Investment Trust (REIT). As part of its launch, the company declared a second quarter 2006 cash dividend of $0.1375 per share of common stock, payable to stockholders of record from April 3, 2006, through June 30, 2006. The Board of Directors intends to review the quarterly dividend during the second quarter of 2006 and authorize a third quarter 2006 dividend prior to June 30, 2006.

Key Takeaways:

  • Dividend Capital Total Realty Trust Inc. raised $2 billion in equity capital through its public offering of common stock, meeting the minimum offering requirements.
  • The company commenced formal business operations, marking a significant development in its growth as a Real Estate Investment Trust (REIT).
  • The Board of Directors declared a second quarter 2006 cash dividend of $0.1375 per share of common stock, payable to stockholders of record from April 3, 2006, through June 30, 2006.
  • The dividend payment will be pro-rated for the period of ownership.
  • The Board of Directors intends to review the quarterly dividend during the second quarter of 2006 and authorize a third quarter 2006 dividend prior to June 30, 2006.
  • The company invests in a diversified portfolio of high-quality direct real estate and real estate related securities.
  • Dividend Capital Total Realty Trust is a Denver-based Real Estate Investment Trust (REIT).

Statistics:

  • The public offering of common stock raised $2 billion in equity capital.
  • The second quarter 2006 cash dividend is $0.1375 per share of common stock.
  • The dividend payment period is from April 3, 2006, through June 30, 2006.
  • The dividend payment will be pro-rated for the period of ownership.
  • The Board of Directors intends to review the quarterly dividend during the second quarter of 2006.

Sources:

  • Dividend Capital Total Realty Trust Inc. - Current Report on Form 8-K (filed April 3, 2006)
  • Dividend Capital Total Realty Trust Inc. - Prospectus (dividendcapital.com)

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