Welcome to our dedicated page for CDRPC news (Ticker: CDRPC), a resource for investors and traders seeking the latest updates and insights on CDRPC stock.
Cedar Realty Trust, Inc. (associated with the CDRPC ticker through its 6.50% Series C Cumulative Redeemable Preferred Stock) regularly issues news updates that center on its preferred stock, dividend activity, and capital management actions. Company press releases describe Cedar Realty Trust 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 owning and operating income producing retail properties and grocery-anchored shopping centers in the Northeast.
The news flow for CDRPC and related securities prominently features dividend declarations on the 6.50% Series C Cumulative Redeemable Preferred Stock. These announcements specify per-share dividend amounts, payment dates, and record dates for shareholders, giving investors insight into the timing and structure of cash distributions on the preferred stock.
Another recurring theme in Cedar Realty Trust’s news is tender offers and repurchase activity involving its preferred stock. The company has announced concurrent offers to purchase Series C and Series B preferred shares for cash at fixed prices per share, followed by preliminary and final results detailing the number of shares tendered, the number accepted for purchase, proration factors when offers are oversubscribed, and aggregate purchase amounts. Additional news items include authorizations to repurchase preferred stock over specified periods, subject to factors such as market conditions, regulatory requirements, and the availability of cash or financing.
Investors following the CDRPC news page can review this sequence of dividend announcements, tender offer launches, preliminary counts, final results, and repurchase authorizations. Together, these items provide a view into how Cedar Realty Trust manages its preferred equity capital while operating a portfolio of income producing retail properties focused on grocery-anchored shopping centers in the Northeast.
Cedar Realty Trust has announced dividend payments for its preferred stock. The company's Board of Directors has declared:
- A cash dividend of $0.453125 per share on the 7.25% Series B Cumulative Redeemable Preferred Stock
- A cash dividend of $0.40625 per share on the 6.50% Series C Cumulative Redeemable Preferred Stock
Both dividends are payable on November 20, 2024, to shareholders of record as of the close of business on November 8, 2024. Cedar Realty Trust trades under the ticker symbols CDRpB and CDRpC on the NYSE.
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.
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.