other material
confidence high
sentiment neutral
materiality 0.30
Acadia Realty Trust amends ATM equity offering to add J.P. Morgan and increase commission cap
ACADIA REALTY TRUST
- Amendment adds J.P. Morgan Securities as a sales agent/forward seller and JPMorgan Chase as a forward purchaser.
- Maximum commission to forward sellers increased from 1.5% to 2.0% of gross sales price of borrowed shares.
- As of July 29, 2021, $123.6M of the $250M ATM capacity remained available for future issuance.
- Program is under existing shelf registration (Form S-3 ASR) effective November 2020.