Item 8.01. Other Events.
As previously disclosed, the board of directors of American Realty Capital
Properties, Inc. (the "Company") authorized, and the Company declared, an
annualized dividend of $1.00 per share per annum to be paid monthly to
stockholders of record at the close of business on the 8th day of each month,
payable on the 15th day of such month, effective with the closing of the
Company's acquisition of Cole Real Estate Investments, Inc., which occurred on
February 7, 2014. Accordingly, on March 14, 2014, the Company will pay a
distribution of $0.0833333 per share to stockholders of record at the close of
business on March 7, 2014.
Additionally, the Company will pay a monthly dividend to holders of its 6.70%
Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share
("Series F Preferred Stock"), in respect of the period commencing February 15,
2014 through March 14, 2014, on March 17, 2014. Holders of Series F Preferred
Stock on March 1, 2014 will be eligible to receive such dividend. The dividend
for the Series F Preferred Stock accrues daily on a 360-day annual basis equal
to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day
A copy of the press release announcing the foregoing is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
99.1 Press Release dated February 19, 2014