other material
confidence high
sentiment neutral
materiality 0.50
Modiv Inc. authorizes up to $15M share repurchase program for 2023
MODIV INDUSTRIAL, INC.
- Board authorized repurchase of up to $15M of Class C common stock and/or Series A preferred stock.
- Program runs from Jan 1, 2023 to Dec 31, 2023; may be suspended or discontinued at any time.
- Repurchases subject to credit agreement covenants with KeyBank National Association.
- Purchases may be made via open market, private transactions, or Rule 10b5-1 plans.