Retail Value Inc. Announces the Results of Dividend Election
On January 11, 2021, Retail Value Inc. (NYSE:RVI) announced that its common stock dividend of
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Holders of approximately 1.9 million shares elected to receive the distribution in
100% RVI common shares and, after giving effect to the Puerto Rico withholding tax of10% on the full$1.16 per share distribution, will receive$1.04 4 per share in RVI common shares. -
Holders of approximately 17.9 million shares elected to receive the distribution in
100% cash and, after giving effect to the Puerto Rico withholding tax of10% on the full$1.16 per share distribution, will receive$0.11 5663 per share in cash (11.1% ) and$0.92 8337 per share in RVI common shares (88.9% ).
The value of the distribution paid in common shares is based upon the volume weighted average trading price of the Company’s Common shares on December 31, 2020 and January 4 and January 5, 2021, or
About RVI
RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets. Additional information about RVI is available at www.retailvalueinc.com.
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