other material
confidence high
sentiment neutral
materiality 0.75
Griffin Realty Trust plans NYSE listing, suspends redemption, cuts distribution to $0.10 annualized
Peakstone Realty Trust
- Plan to list common shares on NYSE; Board and management unanimously determined it's best path for liquidity and value.
- Suspending share redemption program effective March 7, 2023; program will terminate upon listing.
- Reduced distribution rate to $0.10 per share annualized for February 2023, payable March 1.
- Transitioning to Computershare as transfer agent; reverse share split planned.
- Goldman Sachs and BofA Securities are financial advisors for the direct listing.