NewLake Capital Partners Decla – GuruFocus.com

NEW CANAAN, Conn., June 15, 2022 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading licensed cannabis real estate capital provider of State Operators, today announced that its Board of Directors has declared a cash dividend for the second quarter of 2022 of $0.35 per common share.

The dividend equates to an annualized dividend of $1.40 per common share and is the Company’s fifth consecutive quarterly dividend increase. Dividends are payable on July 15, 2022 to shareholders of record at the close of business on June 30, 2022.

About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and financings for custom construction projects. NewLake has a portfolio of 28 grow facilities and dispensaries which are leased to single tenants on a triple net basis, and provided a loan secured by a structured grow facility to be converted into sale-leaseback unless specific arrangements are made. be met by July 29. 2022. For more information, please visit https://www.newlake.com/

Forward-looking statements
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as “may”, “will”, “probable”, “should”, “expect”, “anticipate”, “future”, “plan”, “believe”, “intend”, “objective”, “plan”, “continue” and similar expressions. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds from the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business , the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements include, among others, changes in the condition of the US economy and, in particular, the US real estate market.

Investor contacts:
Valter Pinto, Managing Director
KCSA Strategic Communications
[email protected]
TEL: (212) 896-1254

Media Contact:
McKenna Miller
KCSA Strategic Communications
[email protected]
TEL: (212) 896-1254

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