Item 8.01 Other Events.

On November 26, 2008, RMR Preferred Dividend Fund (the "Fund") sent a notice of redemption to The Depository Trust Company ("DTC"), the record holder of the Fund's issued and outstanding Preferred Shares, Series M, CUSIP #74963N208 (the "Preferred Shares"), indicating the Fund's intention to redeem 88 of the issued and outstanding Preferred Shares on January 2, 2009. The Preferred Shares will be redeemed at a price equal to $25,000 per share, plus accumulated but unpaid dividends up to, but not including, January 2, 2009. Upon completion of the redemption, 144 shares of the series will remain issued and outstanding.

The Fund intends that the number of shares set forth above will be redeemed by random lottery from the participant broker-dealer accounts with DTC. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

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