Gaming and Leisure Properties Inc declares special dividend of $11.85 per share


Friday, 3 Jan 2014 05:42pm EST 

Gaming and Leisure Properties Inc:declares a special dividend to shareholders in connection with its previously announced intention to qualify as a real estate investment trust (REIT) in 2014 following its separation from Penn National Gaming, Inc. on Nov. 1, 2013.Says the special dividend of $1.05 billion, or about $11.85 per share, will be paid on Feb. 18 to shareholders of record on Jan. 13.Says the amount of cash to be distributed will be $210 million, or 20 percent of the total distribution, with the remainder to be paid in shares of GLPI common stock.