SRG · Seritage Growth Properties

This dividend declaration reflects the Company’s ongoing obligation to holders of its 7.00% Series A Cumulative Redeemable Preferred Shares, a fixed-income-like instrument with cumulative and redeemable features. The $0.4375 per share amount corresponds to the quarterly dividend (7.00% annual rate applied to the $25.00 liquidation preference). As no change in dividend policy, suspension, or redemption announcement is disclosed, the action represents routine execution of existing capital return commitments rather than a strategic shift. Investors should note that this distribution applies solely to the Series A Preferred Shares and carries no implication for common stock dividends, which are not mentioned. The timing — declaration on April 20, 2026, with a June 30 record date and July 15 payment — aligns with standard quarterly preferred dividend cycles. Absent disclosure of financial stress, covenant breaches, or changes to the preferred share terms, this event signals continued compliance with contractual obligations but does not convey new operational or liquidity information.