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RMR Dividend Capture Fund Completes Reorganization with RMR Real Estate Income Fund.

Publication: Business Wire
Publication Date: 23-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEWTON, Mass. -- After the close of business on Monday, June 22, 2009, RMR Dividend Capture Fund (NYSE Amex: RCR) was reorganized into RMR Real Estate Income Fund (NYSE Amex: RIF).

On Monday, June 22, 2009, the closing net asset value per share ("NAV") of common stock for RCR was $2.03 and for RIF was $16.55. Since the reorganization was based on the relative NAVs of these funds, the reorganization conversion ratio resulted in RCR common shareholders receiving 0.123 shares of RIF common stock for each share of RCR common stock they previously held. Common shareholders of RCR may receive fractional shares in connection with the reorganization....

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