other material
confidence high
sentiment neutral
materiality 0.50
Cedar Realty launches tender offer for up to $12.5M of Series C Preferred
CEDAR REALTY TRUST, INC.
- Tender offer for 6.50% Series C Cumulative Redeemable Preferred Stock up to $12,500,000 aggregate purchase price.
- Modified Dutch auction pricing: not less than $13.75 nor greater than $15.75 per share.
- Offer commences December 27, 2024, expires January 28, 2025, unless extended.
- Payment with available cash; no financing contingency and no minimum tender condition.
- Company will purchase shares at lowest price within range enabling $12.5M purchase.