secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2026-11-02T21:37:24+00:00
Accession:  0001104659-26-121376
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 5.01, 3.01, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Brookfield, CPP Investments close $5.2B LXP acquisition at $61.20/share; LXP delisted from NYSE
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- LXP shareholders received $61.20 per common share in cash; transaction valued LXP at ~$5.2B including net debt and preferred equity.
- Each 6.50% Series C preferred share converted into a Series C Preferred Unit, then redeemed at $50.00 plus $1.1014 accrued dividends.
- LXP portfolio: 107 industrial properties, ~52M sq ft in Sunbelt and Midwest; to be folded into Brookfield's 255M+ sq ft global logistics platform.
- All restricted share awards vested at maximum performance and were cashed out at the $61.20 merger consideration; all LXP trustees and officers resigned.
- LXP paid 2026 tax-year distributions of $2.10/common share and $2.4375/Series C share, 100% long-term capital gain dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/0001104659-26-121376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000110465926121376/tm2628722d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-121376

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