---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-082993"
form_type: "8-K"
ticker: null
cik: "0000077281"
company_name: "PENNSYLVANIA REAL ESTATE INVESTMENT TRUST"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:01:59.683323+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# PREIT emerges from Chapter 11; all existing equity cancelled, holders receive $10M cash

## Summary
- Effective Date of prepackaged Chapter 11 Plan occurred April 1, 2024, ending bankruptcy cases.
- All common shares (PRETQ) and Series B, C, D preferred shares cancelled and extinguished.
- Existing equity holders receive pro rata share of $10M cash, carved out from second lien lenders.
- Board of Trustees' terms expired as of Effective Date; severance amendments for two officers executed.
- Professional fee claims must be filed by May 16, 2024.

## SEC filing metadata
- accession: 0001193125-24-082993
- form_type: 8-K
- cik: 0000077281
- company_name: PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/0001193125-24-082993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/d823318d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-082993
- JSON: https://secwatch.observer/filing/0001193125-24-082993.json
- Plain text: https://secwatch.observer/filing/0001193125-24-082993.txt

## Key facts
- Distress & Bankruptcy
  PENNSYLVANIA REAL ESTATE INVESTMENT TRUST entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-10).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-12-10
  source text: As previously reported in its Current Report on Form 8-K, dated January 23, 2024 (the “ January 8-K ”), on December 10, 2023, Pennsylvania Real Estate Investment Trust (“ PREIT ” or the “ Company ”) and certain of its direct and indirect affiliates (collectively, the “ Company Parties ” and together with PREIT, the “ Debtors ”) filed voluntary petitions (the cases commenced thereby, the “ Chapter 11 Cases ”) under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) to pursue a joint prepackaged chapter 11 plan as contemplated by the Restructuring Support Agreement, dated December 7, 2023 (as amended from time to time through the date hereof, the “ RSA ”). The Chapter 11 Cases are jointly administered under the caption In re Pennsylvania Real Estate Investment Trust, et al ., Case No. 23-11974.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/0001193125-24-082993-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.