other material
confidence high
sentiment neutral
materiality 0.90
KBS Growth & Income REIT, Inc.: M&A transaction — KBS Growth & Income REIT final liquidating distribution of $0.1205/share; shares cancelled July 31
KBS Growth & Income REIT, Inc.
- Board authorized liquidating distribution of $0.12048602 per share to holders of record July 29, 2024, payable July 31, 2024.
- Distribution funded from net liquidation proceeds; characterized as return of capital to extent of shareholder basis.
- After payment, all common shares cancelled and company will file to terminate SEC reporting obligations.
- Amendment provides pro forma financials for July 23 disposition of The Offices at Greenhouse (203,284 SF office building in Houston) for debt payoff and cash transfer.