other material
confidence high
sentiment neutral
materiality 0.40
Acadia Realty Trust enters ATM equity offering program for up to $250M in common shares
ACADIA REALTY TRUST
- Sales agents include BofA, Barclays, Citigroup, Goldman Sachs, Jefferies, JPMorgan, Truist, and Wells Fargo.
- Sales agents entitled to compensation up to 2.0% of gross sales price; forward sellers up to 1.5%.
- Proceeds to be used for general corporate purposes, including debt repayment, acquisitions, and redevelopments.
- No obligation to sell any shares; program may be suspended at any time by the company.
- Shares issued under effective shelf registration statement (333-249900) via prospectus supplement dated March 1, 2022.