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EX-99.1 - EX-99.1 - Clarion Partners Property Trust Inc.a13-7359_1ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 


 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):

March 7, 2013

 


 

Clarion Partners Property Trust Inc.

(Exact Name of Registrant as Specified in Charter)

 

Maryland

 

No. 333-164777

 

No. 27-1242815

(State or Other Jurisdiction

of Incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification No.)

 


 

230 Park Avenue

New York, New York

 

10169

(Address of Principal Executive offices)

 

(Zip Code)

 

(212) 808-3600

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01.  Other Events

 

Distributions

 

On March 7, 2013, the Company’s board of directors authorized and declared cash distributions for the period commencing on January 1, 2013 and ending on March 31, 2013 (the “Common Stock Distribution Period”) for each share of the Company’s Class A and Class W common stock outstanding as of March 28, 2013.  Distributions on each class of common stock will be paid on April 1, 2013. Holders of Class W shares will receive an amount equal to $0.1398 per share, and holders of Class A shares will receive an amount equal to $0.1398 per share, less an amount calculated at the end of the Common Stock Distribution Period equal to the class-specific expenses incurred during the Common Stock Distribution Period that are allocable to each Class A share.

 

On March 7, 2013, the Company’s board of directors authorized and declared cash distributions in an amount equal to $54.17 per share for the period commencing on January 25, 2013 and ending on June 30, 2013 for each share of the Company’s 12.5% Series A Cumulative Non-Voting Preferred Stock outstanding as of June 15, 2013.  Such distributions will be paid on June 28, 2013.

 

A copy of the press release announcing the Company’s declaration of cash distributions on its common stock is included as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01.  Financial Statements and Exhibits

 

(a)          Financial Statements of Business Acquired

 

None.

 

(b)          Pro Forma Financial Information

 

None.

 

(c)           Shell Company Transactions

 

None.

 

(d)          Exhibits

 

Exhibit No.

 

Description

99.1

 

Press Release dated March 12, 2013

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Clarion Partners Property Trust Inc.

 

 

 

 

 

 

Date: March 12, 2013

By:

/s/ L. Michael O’Connor

 

 

L. Michael O’Connor

 

 

Senior Vice President and Secretary

 

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