secwatch.observer — SEC 8-K summary
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Issuer:     SITE Centers Corp. (SITC)
CIK:        0000894315
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117045
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894315/000095017024117045/0000950170-24-117045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894315/000095017024117045/sitc-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117045

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