other material
confidence high
sentiment neutral
materiality 0.90
Stratus Properties declares $5.00/share liquidating distribution, plans Nasdaq delisting and SEC deregistration
STRATUS PROPERTIES INC
- Initial liquidating distribution of $5.00 per share payable July 20, 2026 to holders of record July 13, 2026.
- Board approved voluntary delisting from Nasdaq; expects effective August 10, 2026 after Form 25 filing.
- Company intends to file Form 15 to deregister common stock and suspend SEC reporting obligations.
- Additional liquidating distributions expected but timing and amount uncertain, subject to asset sales and liabilities.
- No plans to list on another exchange; common stock may trade OTC if broker-dealers make a market.