other material
confidence high
sentiment neutral
materiality 0.35
Cedar Realty Trust plans $9M modified Dutch auction tender offer for Series C preferred
CEDAR REALTY TRUST, INC.
- Offer to purchase up to $9 million of 6.50% Series C Cumulative Redeemable Preferred Stock.
- Purchase price range of $13.25-$15.50 per share; closing price on Sept 24 was $13.98.
- Tender offer expected to commence Sept 25, 2024 and expire on Oct 24, 2024.
- Company will pay for repurchased shares with available cash; no minimum tender condition.
- Georgeson LLC serving as information agent; Computershare Inc. as depositary.