secwatch.observer — SEC 8-K summary
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Issuer:     FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
CIK:        0000036840
Form:       8-K
Filed at:   2026-09-30T13:11:08+00:00
Accession:  0001174947-26-000906
Event type: other_material
Sentiment:  positive
Materiality: 1.00
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

FREIT stockholders approve Plan of Liquidation; board declares $3.20 initial liquidating distribution
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- Stockholders approved the Plan of Voluntary Liquidation with 5,085,293 votes for, 6,503 against, and 22,260 abstentions at the Sept. 29, 2026 special meeting.
- Board declared an initial liquidating distribution of $3.20 per share, payable Oct. 29, 2026 to stockholders of record as of Oct. 14, 2026.
- FREIT estimates aggregate liquidating distributions of $24.44 to $30.03 per share, including the initial $3.20 distribution.
- Remaining liquidating distributions are estimated at $20.95 to $28.68 per share, subject to asset sale proceeds, liabilities, and market conditions.
- CEO Robert S. Hekemian Jr. called approval an important milestone; Chairman Ronald J. Artinian said the distribution shows commitment to returning capital efficiently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000906/0001174947-26-000906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000906/form8k-36384_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000906

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