Urban Edge Properties establishes $250M ATM equity program with forward sale options

Urban Edge Properties

Filed new Form S-3 shelf and equity distribution agreement for up to $250M in common shares (NYSE: UE).
Program allows sales through agents or via forward sale agreements with eight banks including Goldman Sachs and J.P. Morgan.
Forward sale mechanism lets company borrow and sell shares; proceeds received upon future physical settlement.
Cash or net share settlement possible but may yield no proceeds or require delivery of shares.
Expiring August 2022 ATM program replaced; no obligation to sell any shares.

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