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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 10, 2025
OFFICE PROPERTIES INCOME TRUST
(Exact Name of Registrant as Specified in
Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
001-34364 |
|
26-4273474 |
(Commission File Number) |
|
(IRS Employer Identification No.) |
Two
Newton Place, 255
Washington Street, Suite
300, Newton,
Massachusetts |
02458-1634 |
(Address of Principal Executive Offices) |
(Zip Code) |
617-219-1440
(Registrant’s Telephone Number, Including
Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class |
|
Trading Symbol(s) |
|
Name Of Each Exchange On Which
Registered |
Common Shares of Beneficial Interest |
|
OPI |
|
The Nasdaq Stock Market LLC |
6.375% Senior Notes due 2050 |
|
OPINL |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
In this Current Report on Form 8-K, the terms “we”,
“us” and “our” refer to Office Properties Income Trust.
On July 10, 2025, our Board of Trustees suspended
our quarterly cash distribution on our common shares of beneficial interest of $0.01 per share, or $0.04 per share per year, in order
to preserve our cash.
Warning Concerning
Forward-Looking Statements
This Current Report on
Form 8-K contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995 and other securities laws. Also, whenever we use words such as “believe”, “expect”, “anticipate”,
“intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of
these or similar expressions, we are making forward-looking statements. These forward-looking statements are based upon our present intent,
beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially
from those contained in or implied by our forward-looking statements as a result of various factors. For example, this Current Report
on Form 8-K states that our Board of Trustees suspended our quarterly cash distribution to preserve our cash. However, we may not retain
the cash we currently expect from the distribution suspension or otherwise preserve our liquidity. Our distribution rate may be set and
reset from time to time by our Board of Trustees. Further, our Board of Trustees considers many factors when setting or resetting our
distribution rate, including our funds from operations and normalized funds from operations, cash available for distribution, requirements
to maintain our qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay our obligations
and fund our investments, limitations in our debt agreements, the availability to us of debt and equity capital, our expectation of our
future capital requirements and operating performance, our expected needs for and availability of cash to pay our obligations and other
factors deemed relevant by our Board of Trustees in its discretion. Accordingly, we cannot be sure whether we will pay future distributions
on our common shares or as to the rate at which any future distributions will be paid.
The information contained
in our filings with the Securities and Exchange Commission, or the SEC, including under the caption “Risk Factors” in our
Annual Report on Form 10-K for the year ended December 31, 2024 identifies other important factors that could cause our actual results
to differ materially from those stated in or implied by our forward-looking statements. Our filings with the SEC are available on the
SEC’s website at www.sec.gov.
You should not place undue
reliance upon forward-looking statements.
Except as required by law, we do not intend to update or change any
forward-looking statements as a result of new information, future events or otherwise.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
OFFICE PROPERTIES INCOME TRUST |
|
|
|
|
By: |
/s/ Brian E.
Donley |
|
Name: |
Brian E. Donley |
|
Title: |
Chief Financial Officer and Treasurer |
Dated: July 10, 2025