other material
confidence high
sentiment neutral
materiality 0.50
Independence Realty Trust enters new $450M at-the-market stock offering program
INDEPENDENCE REALTY TRUST, INC.
- New Equity Distribution Agreement for up to $450M gross sales price of common stock.
- Prior ATM program terminated; new shelf registration filed June 14, 2023.
- Sales through agents or forward sellers; proceeds for general corporate purposes including acquisitions and debt repayment.
- Compensation to managers up to 1.5% of gross sales price.
- Program allows forward sale contracts with forward purchasers for deferred settlement.