other material
confidence high
sentiment neutral
materiality 0.60
Orion Office REIT registration effective; distribution expected Nov 12, trading Nov 15 under ONL
Orion Properties Inc.
- Registration on Form 10 declared effective by SEC on Oct 22, 2021.
- Distribution of ONL shares expected Nov 12, 2021, as pro rata special dividend (1 share per 10 Realty Income shares).
- Record date for distribution: Nov 2, 2021; when-issued trading may develop about one week before.
- ONL expected to begin regular-way trading on NYSE under ticker ONL on Nov 15, 2021.
- Mailing of information statement to Realty Income stockholders commenced Oct 25, 2021.