TNP Strategic Retail Trust might suspend dividend for 2013

03/20/2013 | InvestmentNews (free registration)

TNP Strategic Retail Trust, a nontraded real estate investment trust founded by longtime real estate deal-maker Tony Thompson, says it won't pay a dividend this quarter and might make no distribution this year. In a filing with the Securities and Exchange Commission, the REIT cites short-term liquidity issues and the cost of potential litigation with lenders.

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