Desert Capital REIT, Inc. Announces Continuation of Its Monthly Dividend.HENDERSON Henderson. 1 City (1990 pop. 25,945), seat of Henderson co., NW Ky., on the Ohio River, in an oil, coal, tobacco, corn, and livestock area; founded 1797, inc. as a city 1867. , Nev. -- Desert Capital REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , Inc., a Henderson, Nevada-based real estate investment trust, announced the declaration of monthly dividends on its shares of common stock of $0.10 per share, effective June 30, 2005, for each month in the three-month period expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. Sept. 15, 2005. Desert Capital REIT's monthly dividend of $0.10 per share of the company's common stock is payable as follows: on July 15, 2005, to the holders of record of the common stock at the close of business on June 30, 2005; on Aug. 15, 2005, to the holders of record of the common stock at the close of business on July 31, 2005; and on Sept. 15, 2005, to holders of record on Aug. 31, 2005. "The decision by our Board of Directors to continue the dividend at a 12 percent yield shows faith in our ability to continue to grow our corporate portfolio and exceed stockholder expectations," said Todd Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. B. Parriott, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Board of Directors of Desert Capital REIT, Inc. Dividend yield is computed by dividing the annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend by the price an investor pays for shares. As a result, Desert Capital REIT's annualized dividend of $1.20 per share equates to a 12 percent yield on its $10 offering price. About Desert Capital REIT Desert Capital REIT, Inc., is a Henderson, Nevada-based real estate investment trust that invests in loans to owners and developers of real estate properties. Formed in December 2003, Desert Capital's portfolio of mortgage loans consists of acquisition and development, construction, commercial property and residential loans. For more information, please call (800) 419-2855 or visit www.desertcapitalreit.com. Statements included herein that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 which by their nature, involve known and unknown risks and uncertainties. The company's actual results, performance or achievements could differ materially from those expressed or implied by such statements. |
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