Modiv Industrial (MDV) removes common and preferred shares from NYSE listing
Rhea-AI Filing Summary
Modiv Industrial, Inc. had its Class C Common Stock and 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock removed from listing and registration on the New York Stock Exchange LLC under Section 12(b) of the Exchange Act. The exchange states it complied with its own rules to strike these securities from listing and/or withdraw registration, and Modiv Industrial complied with the exchange’s rules and the requirements of Rule 12d2-2(c) governing the voluntary withdrawal of these classes of securities.
Positive
- None.
Negative
- None.
Key Terms
Form 25, Section 12(b) of the Securities Exchange Act of 1934, voluntary withdrawal, 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, +1 more
5 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) of the Securities Exchange Act of 1934 regulatory
"REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT"
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities"
7.375% Series A Cumulative Redeemable Perpetual Preferred Stock financial
"7.375% Series A Cumulative Redeemable Perpetual Preferred Stock"
Class C Common Stock financial
"Class C Common Stock; 7.375% Series A Cumulative"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What action does Modiv Industrial (MDV) report on Form 25?
Modiv Industrial reports that its Class C Common Stock and 7.375% Series A Preferred Stock have been removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Exchange Act.
Which Modiv Industrial (MDV) securities are affected by this NYSE removal?
The affected securities are Modiv Industrial’s Class C Common Stock and its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, which have been removed from listing and registration on the New York Stock Exchange.
Was Modiv Industrial’s (MDV) NYSE delisting characterized as voluntary?
Yes. The text states the issuer complied with Rule 12d2-2(c), which governs the voluntary withdrawal of a class of securities from listing and registration on the exchange.
What regulatory basis is cited for Modiv Industrial (MDV) securities removal?
The removal is made under Section 12(b) of the Exchange Act and related rules, including 17 CFR 240.12d2-2(b) and 12d2-2(c), covering exchange action and voluntary issuer withdrawal.
Which exchange is involved in Modiv Industrial’s (MDV) Form 25 notice?
The filing involves the New York Stock Exchange LLC, which certifies compliance with its rules and the Form 25 requirements in connection with removing Modiv Industrial’s specified securities from listing and registration.