Form 8-K Owens Realty Mortgage, For: Jun 19

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June 19, 2015 4:31 PM EDT



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 1933
 
Date of Report (Date of earliest event reported): June 19, 2015
 
 
OWENS REALTY MORTGAGE, INC.
(Exact Name of Registrant as Specified in its Charter)

         
Maryland
  
000-54957
  
46-0778087
(State or Other Jurisdiction
  
(Commission
  
(IRS Employer
of Incorporation)
  
File Number)
  
Identification No.)

         
2221 Olympic Boulevard
        
Walnut Creek, California
    
94595
(Address of Principal Executive Offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: (925) 935-3840
 
Not Applicable
(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 Instruction A.2. below):
 
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 
 




Item 8.01                      Other Events

On June 19, 2015, Owens Realty Mortgage, Inc. (the “Company”) issued a press release announcing the declaration of a special dividend of $0.10 per share of common stock and a quarterly cash dividend of $0.08 per share of common stock to be paid together on July 14, 2015 to stockholders of record as of the close of business on June 30, 2015.

A copy of the press release is attached hereto as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.


Item 9.01                      Financial Statements and Exhibits
 
(d) Exhibits:
 
Exhibit
No.
 
Description
   
99.1
Press Release dated June 19, 2015


 
 
 


SIGNATURES
 
                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 thereunto duly authorized.
 
OWENS REALTY MORTGAGE, INC.,
a Maryland corporation


Dated:           June 19, 2015                                                By: /s/ Bryan H. Draper
Name:  Bryan H. Draper
Title:    Chief Financial Officer

 
 
 






   
EXHIBIT INDEX
 
 
Exhibit
No.
  
 
Description
   
99.1
Press Release dated June 19, 2015.








For Immediate Release

Contact:                 William C. Owens
President and Chief Executive Officer
Owens Realty Mortgage, Inc.
(925) 239-7001
 
Owens Realty Mortgage, Inc.
Announces a Special Cash Dividend and a 12.5 Percent Increase in Regular Quarterly Common Stock Dividend

WALNUT CREEK, CA. – June 19, 2015 – Owens Realty Mortgage, Inc. (NYSE MKT: ORM) announced today that its Board of Directors has declared a $0.10 per share special cash dividend to be paid to common stockholders of record at the close of business on June 30, 2015.   The Board of Directors also declared a $0.08 per share regular quarterly dividend to be paid to common stockholders of record at the close of business on June 30, 2015.  This represents an increase of $0.01 per share, or 12.5 percent, in the Company’s regular quarterly dividend rate. Both the special dividend and regular quarterly dividend are payable together on April 14, 2015.

About Owens Realty Mortgage, Inc.
Owens Realty Mortgage, Inc., a Maryland corporation, is a specialty finance mortgage company organized to qualify as a real estate investment trust (“REIT”) that focuses on the origination, investment, and management of small balance and middle-market commercial real estate loans. We provide customized, short-term acquisition and transition capital to commercial real estate investors that require speed and flexibility. Our primary objective is to provide investors with attractive current income and long-term shareholder value. Owens Realty Mortgage, Inc., is headquartered in Walnut Creek, California and is externally managed and advised by Owens Financial Group, Inc.
Additional information can be found on the Company’s website at www.owensmortgage.com.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.  Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events.  Words such as “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.  The forward looking statements made in this release include, but may not be limited to, expectations around the company’s plans to distribute current and accumulated earnings in 2015, tax treatment and characterization of distributions made by the company in 2015 and timing and content of any announcements made with respect thereto.

Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  The company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.  Additional information concerning these and other risk factors is contained in the company’s most recent filings with the Securities and Exchange Commission.  All subsequent written and oral forward-looking statements concerning the company or matters attributable to the company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.






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