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In recent weeks, our parking lots have been used for Red Cross blood drives, food collection sites, curbside food pickup and as staging areas for law enforcement and emergency medical services. It is our intention to contribute to helping the country heal, and to position Tanger for the future. Together, we will get through this.
Liquidity and capital preservation are critical in times of greensbodo. In recent weeks, our parking lots have been used for Red Cross blood drives, food collection sites, curbside food pickup and as staging areas for law enforcement and emergency medical greensbroo. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other important factors which are, in some cases, beyond our control and which could materially affect our actualperformance or achievements.
Together, we will get through this. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act oloking and includes this statement for purposes of complying with the safe harbor provisions. Tanger Factory Outlet Centers, Inc.
The Company expects to remain in compliance with REIT taxable income distribution requirements for the tax year. Tanger, Chief Executive Officer. Tanger Outlet Centers continue to attract more than million visitors annually.
The Company has more than 39 years of experience in the outlet industry. The situation continues to evolve rapidly, and the Company has limited visibility into the duration and magnitude of the pandemic.
The Company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. The Board of Directors plans to evaluate the payment and rate of any subsequent dividends quarterly. Accordingly, there is no assurance that the Company's expectations will be realized.
It is our intention to contribute to helping the country heal, and to position Tanger for the future. Tanger intends to pay its first quarter dividend, which was declared in January, as scheduled on May 15, Given this level of uncertainty regarding the impact to its business, Tanger is withdrawing its guidance.
Investor Contact Information. Operations in more than half of Tanger Outlet Centers are restricted by order of the local and state authorities, and additional orders are expected.
The Company has also taken steps to reduce cash outflows, including the reduction or deferral of certain operating and general and administrative expenses, as well as the deferral of the Nashville project and certain other planned capital expenditures. Safe Harbor Statement This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act ofas amended, looling Section 21E of the Securities Greenzboro Act ofas amended.