other material
confidence high
sentiment negative
materiality 0.85
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST: Nasdaq/NYSE listing notice — PREIT receives NYSE delisting notice; plans to move trading to OTC Markets
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
- NYSE commenced delisting proceedings because PREIT's 30-day average market cap fell below $15M.
- Trust does not appeal; trading suspended immediately by NYSE.
- Shares to move to OTCQX (applied) or OTC Pink under symbols PRET, PRETL, PRETM, PRETN.
- PREIT states business operations unchanged; will continue SEC filings.