FAQ'S

What is a REIT?

A real estate investment trust, or REIT, is a company that owns, operates or finances income producing real estate.  REITs provide the average investor the opportunity to invest in a professionally managed, diversified portfolio of real estate assets that seeks to produce dividend based income and long-term capital appreciation.  Under the United States Internal Revenue Code, a REIT must distribute at least 90% of its annual taxable income to shareholders to maintain REIT status and thereby pay little to no corporate income tax.  As a result, REITs tend to pay relatively higher dividends than other types of companies, and dividends earned by shareholders from REITs are generally taxed as ordinary income. Dividends however, are not assured.  See Risk Considerations.

REITs can generally be classified as either “equity REITs” or “mortgage REITs”.  Equity REITs invest the majority of their assets directly in commercial property and derive their income primarily from rents; equity REITs can also realize capital gains by selling properties that have appreciated in value.  Mortgage REITs invest a majority of their assets in real estate mortgages and derive their income primarily from interest payments.

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What is funds from operations (FFO) and normalized FFO?

FFO is a non-GAAP measure of a REITs operating cash flow.  It differs from GAAP net income largely due to the exclusion of non-cash items, such as depreciation and amortization.  Many securities analysts judge a REITs performance based largely upon FFO per share results.

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What is the ticker symbol and under which exchange do the common shares of the Fund trade?

RMR Real Estate Income Fund’s common shares are traded on the NYSE American exchange under the trading symbol RIF.

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When does your fiscal year end?

RIF’s fiscal year ends on December 31.

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What is your common stock CUSIP number?

RIF’s common stock CUSIP number is 76970B101.

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Who is your stock transfer agent?

RIF’s common share transfer agent is EQ Shareowner Services.  See below for contact details.

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How can I purchase your stock?

RIF shares must be purchased through a registered broker.

Initial RIF share purchases must be made through a registered broker.  By enrolling in the Dividend Reinvestment Program (DRIP) you also have the option to purchase additional RIF common shares when RIF pays dividends on its common shares.

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How do I transfer stock, change the address on my shareholder account, or replace a lost stock certificate?

If you hold your shares in your own name through RIF’s transfer agent, EQ Shareowner Services, you will need to contact them directly.  Otherwise, please contact your financial adviser or broker.

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When does RIF pay its dividend?

The timing of future dividends is subject to Board approval; however, the Fund currently anticipates that it will continue to pay dividends on a quarterly basis.  To view the Fund’s historical dividend distributions, visit the Stock Information page.

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How do I receive the dividend payout? Will I receive a check to my home or business address?

If you hold your shares in your own name through RIF’s common share transfer agent, EQ Shareowner Services, you will receive a check for the dividend at the address they have on record, unless you participate in the Fund’s Dividend Reinvestment Plan or you arrange with the transfer agent to have the payment directly deposited into your bank.

If you hold your shares in a registered brokerage account, you should contact them to confirm how you will receive your dividend payments.

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Can the dividend be used to buy more stock? If so, can this purchase happen automatically?

Yes.  If you hold your shares in your own name through RIF’s transfer agent, EQ Shareowner Services, you may elect to reinvest future dividends through the Dividend Reinvestment Plan (DRIP).  To find out more or to enroll, please see Dividend Reinvestment Plan.

If you hold your shares in a registered brokerage account, you should contact them regarding your dividend reinvestment options.

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Will I be taxed on dividends I recieve?

Dividends are typically considered taxable income which is reported annually to the IRS on Form 1099-DIV.  If you hold your shares in your name at the transfer agent, EQ Shareowner Services, then a Form 1099-DIV will be mailed to you. Otherwise, you should reach out to your registered broker.  Please contact your financial advisor or tax accountant with tax related questions.

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Where is RIF’ s corporate headquarters?

Corporate headquarters are located in Newton, Massachusetts.  Please see below for full contact details.

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Who are your independent accountants/auditors?

RIF’s independent accountants are RSM US LLP.  Please see below for contact details.

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Who is your corporate counsel?

RIF’s corporate counsel is Skadden, Arps, Slate, Meagher & Flom LLP.  Please see below for contact details.

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How do I get in touch with the Investor Relations Department?

RIF’s Investor Relations group can be reached via email at ir@rmrfunds.com and by phone at 617-796-8253.

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How can I be notified of new developments at RIF?

Investors can register for RIF’s email alerts by visiting Email Alerts.

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Email Sign up

You may automatically receive RMR Funds financial information by email.  Please enter your preferences for email notifications below and click “Submit”.

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Corporate Headquarters

Investor Relations

Transfer Agent1

Corporate Counsel

  • Skadden, Arps, Slate, Meagher & Flom LLP
  • 500 Boylston Street
  • Boston, MA 02116
  • 617-573-4800

Independent Auditor

  • RSM US LLP
  • 80 City Square
  • Boston, MA, 02129

1 RMR Advisors LLC may establish links between the RMR Advisors website and one or more websites operated by third parties.  RMR Advisors has no control over any such other websites, the contents therein or the products/services offered.  The existence of any such links shall not constitute an endorsement of, or representation or warranty by RMR Advisors regarding such websites, the contents of the websites, the products or services of the websites or the operators of the websites.  Your access to and use of such linked websites is governed by the terms of use and privacy policies of those sites, and shall be at your own risk.  RMR Advisors disclaims responsibility for the privacy policies and customer information practices of third-party internet websites hyperlinked from the RMR Advisors website.

For considerations of risk related to an investment in RMR Real Estate Income Fund, please refer to these
Risk Considerations

For further Risk Considerations, please click here.

Carefully consider RIF’s investment objectives, risk factors and expenses.  This and other information can be found in RIF’s SEC filings which may be obtained by visiting the SEC Edgar database or the “SEC Filings” section of this website.  Read these filings carefully before investing.

RIF is subject to numerous risks, including investment risks.  Shares of closed-end funds often trade at a discount from their net asset value.  RIF is not a complete investment program and you may lose money investing in RIF.  An investment in RIF may not be appropriate for all investors.

RIF is a closed-end fund and its common shares are only available for purchase and sale at current market price on the NYSE American.  A closed-end fund’s dividend yield, market price and net asset value will fluctuate with market conditions.  Closed-end funds may trade at a premium to NAV but often trade at a discount, and RIF has historically traded at a discount to NAV.  Information for RIF is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell RIF shares.

There can be no assurance that the Fund’s investment objectives will be achieved or that the Fund’s investment program will be successful.