Welcome to our dedicated page for CDRPB news (Ticker: CDRPB), a resource for investors and traders seeking the latest updates and insights on CDRPB stock.
Cedar Realty Trust, Inc. (NYSE:CDRpB)(NYSE:CDRpC) generates frequent news related to its preferred stock and retail real estate activities, and this page tracks developments tied to the CDRPB 7.25% Series B Cumulative Redeemable Preferred Stock. The company describes itself as a Maryland corporation taxed as a real estate investment trust and a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., with a focus on income producing retail properties and grocery-anchored shopping centers in the Northeast.
News for CDRPB often centers on the company’s capital decisions involving its preferred stock. Cedar Realty Trust regularly issues press releases declaring cash dividends on its 7.25% Series B Cumulative Redeemable Preferred Stock and its 6.50% Series C Cumulative Redeemable Preferred Stock, specifying dividend amounts, record dates, and payment dates. These dividend announcements are important for investors who follow the income characteristics of the CDRPB security.
Another recurring theme in Cedar Realty Trust’s news is tender offers and repurchase activity involving its preferred shares. The company has announced concurrent tender offers for its Series B and Series C preferred stock, provided preliminary and final results of those offers, and reported on Board-authorized repurchase programs for the preferred stock. These updates describe how many preferred shares were tendered, how many were accepted for purchase, and the aggregate purchase prices, offering insight into the company’s preferred equity management.
By reviewing the CDRPB news feed, readers can follow Cedar Realty Trust’s announcements about preferred stock dividends, tender offers, repurchase authorizations and related corporate actions, all of which are drawn from the company’s own public communications.
Cedar Realty Trust (NYSE:CDRpB)(NYSE:CDRpC) has announced plans to commence a 'modified Dutch auction' tender offer on September 25, 2024. The offer aims to purchase up to $9 million of outstanding 6.50% Series C Cumulative Redeemable Preferred Stock at a price between $13.25 and $15.50 per share. The offer is expected to expire on October 24, 2024, unless extended.
The company will determine the lowest price within the specified range that allows it to purchase up to $9 million of Series C Shares. All shares will be purchased at the same final price. If more than $9 million worth of shares are tendered, purchases will be made on a pro rata basis. The offer is not contingent on financing or a minimum number of shares being tendered.
Georgeson will serve as the information agent, and Computershare Inc. as the depositary for the tender offer. Alston & Bird LLP is acting as counsel to the company.
Summary not available.
Cedar Realty Trust has declared cash dividends for its preferred stock series. The 7.25% Series B Cumulative Redeemable Preferred Stock will pay $0.453125 per share, while the 6.50% Series C Cumulative Redeemable Preferred Stock will pay $0.40625 per share. Both dividends are payable on February 20, 2023, to shareholders of record as of February 10, 2023. Cedar Realty Trust primarily focuses on grocery-anchored shopping centers in the Northeast, managing a portfolio of 19 properties with approximately 2.8 million square feet of gross leasable area.
Cedar Realty Trust has declared a cash dividend of $0.453125 per share on its 7.25% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6.50% Series C Cumulative Redeemable Preferred Stock. Both dividends are payable on November 21, 2022, to shareholders of record as of the close of business on November 10, 2022. Cedar Realty Trust focuses on owning and operating income-producing retail properties, primarily grocery-anchored shopping centers in the Northeast, managing a portfolio of 19 properties with approximately 2.8 million square feet of gross leasable area.