SITE Centers to redeem all 6.375% Class A Preferred Shares on Nov 26, expects ~$6.1M charge

SITE Centers Corp.

Redeeming all 350,000 outstanding 6.375% Class A Preferred Shares (7M Depositary Shares) on or about Nov 26, 2024.
Redemption price of $503.6302 per Class A Preferred Share ($25.1815 per Depositary Share), includes accrued dividends.
Expects ~$6.1M charge to net income attributable to common shareholders in Q4 2024 from write-off of issuance costs.
After Nov 26, redeemed shares cease to be outstanding; holders only have right to redemption price.

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