Senior Housing Properties Trust Announces Quarterly Dividend on Common Shares

Senior Housing Properties Trust (Nasdaq: SNH) today announced a regular
quarterly cash distribution on its common shares of $0.39 per common
share ($1.56 per share per year). This quarterly dividend will be paid
to common shareholders of record as of the close of business on January
28, 2019 and distributed on or about February 21, 2019.

Senior Housing Properties Trust is a real estate investment trust, or
REIT, which owns senior living communities, medical office buildings and
wellness centers throughout the United States. SNH is managed by the
operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative
asset management company that is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
SNH’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS AND THE
IMPLICATIONS OF THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT
OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND SNH’S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT SNH’S DIVIDEND RATE WILL BE
$0.39/SHARE PER QUARTER OR $1.56/SHARE PER YEAR. A POSSIBLE IMPLICATION
OF THIS STATEMENT IS THAT SNH WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS
OF $0.39/SHARE PER QUARTER OR $1.56/SHARE PER YEAR IN THE FUTURE. SNH’S
DIVIDEND RATES ARE SET AND RESET FROM TIME TO TIME BY SNH’S BOARD OF
TRUSTEES. THE SNH BOARD CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND
RATES INCLUDING SNH’S HISTORICAL AND PROJECTED INCOME, NORMALIZED FUNDS

FROM OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS, THE THEN CURRENT
AND EXPECTED NEEDS AND AVAILABILITY OF CASH TO PAY SNH’S OBLIGATIONS AND
FUND SNH’S INVESTMENTS, DISTRIBUTIONS WHICH MAY BE REQUIRED TO BE PAID
TO MAINTAIN SNH’S TAX STATUS AS A REAL ESTATE INVESTMENT TRUST AND OTHER
FACTORS DEEMED RELEVANT BY SNH’S BOARD OF TRUSTEES IN ITS DISCRETION.
ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED AND
THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS WILL BE
DECLARED AND PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE. EXCEPT AS REQUIRED BY LAW, SNH DOES
NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A
RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq.
No shareholder,
Trustee or officer is personally liable for any act or obligation of the
Trust.

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