Such a move could trigger major disruptions for mortgage securities because investors wouldn’t have confidence of the government backstopping the market in a crisis, BlackRock said.
The payment will come after the mortgage-finance giant reported net income of $2.8 billion for the first quarter, according to its earnings release on Friday.
Brooklyn developers and landlords face the challenge of attracting tenants at a time when the Manhattan market is softening, making it less of a necessity for companies to look for cheaper alternatives.
Retail is “not as big a mess” as some believe, Sternlicht said, pointing to the growth of the CVS Health Corp. pharmacy chain and a store expansion by Estee Lauder Cos.
As the ranks of U.S. grocery stores have swelled, food has become a way for struggling brick-and-mortar retailers such as dollar stores and pharmacies to compete for customers.
The position is likely to disappoint some advocates of immediately suspending the dividend, including small lenders, affordable housing advocates and large homebuilders.
The rebranding campaign kicks off next week with nationwide television commercials in which stores are nonexistent and products are only shown in passing.
