MGM Expansion Houses Raises Quarterly Dividend to an Annualized Level of $1.98 For every Share

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LAS VEGAS, March 15, 2021 /PRNewswire/ — MGM Expansion Properties LLC (“MGP”) (NYSE:MGP) now announced that its board of administrators declared a quarterly hard cash dividend of $.495 per Class A prevalent share for the very first quarter. On an annualized basis, the dividend of $1.98 signifies an boost of $.03 for each share. This is the 12th dividend increase due to the fact MGP’s preliminary public presenting in April 2016. The dividend will be payable on April 15, 2021 to shareholders of report as of the near of business on March 31, 2021.

About MGM Advancement Properties LLC

MGM Growth Houses LLC (NYSE:MGP) is one particular of the top publicly traded genuine estate investment trusts engaged in the acquisition, possession and leasing of huge-scale desired destination enjoyment and leisure resorts, whose various facilities contain casino gaming, lodge, convention, dining, amusement and retail offerings. MGP, alongside one another with its joint venture, currently owns a portfolio of houses, consisting of 12 premier location resorts in Las Vegas and somewhere else across the United States, MGM Northfield Park in Northfield, OH, Empire Vacation resort Casino in Yonkers, NY, as effectively as a retail and amusement district, The Park in Las Vegas. As of December 31, 2020, MGP’s portfolio of place resorts, the Park, Empire Vacation resort On line casino, and MGM Northfield Park collectively comprised around 32,400 hotel rooms, 1.5 million on line casino sq. footage, and 3.6 million conference square footage. As a expansion-oriented community true estate entity, MGP expects its connection with MGM Resorts and other enjoyment suppliers to attractively place MGP for the acquisition of more attributes throughout the leisure, hospitality and leisure industries. For a lot more facts about MGP, visit the Company’s site at http://www.mgmgrowthproperties.com.

Forward-On the lookout Statements

This press release features “forward-looking” statements and “safe harbor statements” within just the this means of the Personal Securities Litigation Reform Act of 1995 that include risks and/or uncertainties, such as individuals explained in MGP’s community filings with the Securities and Exchange Commission. MGP has dependent forward-on the lookout statements on management’s present anticipations and assumptions and not on historical facts. These ahead-wanting statements include a selection of threats and uncertainties. Amongst the vital components that could cause true success to differ materially from these indicated in such ahead-wanting statements incorporate dangers linked to MGP’s ability to obtain, or delays in getting, any regulatory approvals necessary to possess its houses, or other delays or impediments to completing MGP’s planned acquisitions or initiatives, including any acquisitions of homes from MGM the top timing and result of any prepared acquisitions or projects MGP’s capability to manage its position as a REIT the availability of and the means to establish suited and desirable acquisition and growth possibilities and the capacity to receive and lease all those houses on favorable conditions MGP’s means to obtain cash by means of financial debt and fairness markets in amounts and at prices and fees acceptable to MGP adjustments in the U.S. tax legislation and other state, federal or neighborhood guidelines, irrespective of whether or not certain to REITs or to the gaming or lodging industries and other things described in MGP’s periodic studies filed with the Securities and Trade Fee. In providing forward-seeking statements, MGP is not enterprise any obligation or obligation to update these statements publicly as a result of new information, long run functions or if not, besides as essential by legislation. If MGP updates one or extra forward-wanting statements, no inference really should be drawn that it will make more updates with respect to people other forward-wanting statements.

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Source MGM Advancement Houses LLC