other material
confidence high
sentiment positive
materiality 0.90
Sila Realty gets NYSE listing approval; plans $50M tender offer, stock conversion
Sila Realty Trust, Inc.
- NYSE listing expected June 13, 2024 under ticker 'SILA'; stock to cease trading on OTC.
- Company will commence $50M modified Dutch Auction tender offer on June 13, 2024 with price range to be announced.
- All Class I and Class T shares automatically convert to Class A common stock on a one-for-one basis.
- New distribution of $0.1333 per share ($1.60 annualized) payable July 15, 2024; prior distribution cancelled.