2020-11-29 14:09:05 CDR Cedar Realty Trust
11/29/20 11/2914:09 11/29/2014:09 | Cedar Realty Trust announces completion of 1-for-6.6 reverse stock splitCedar Realty Trust announced the completion of its previously announced 1-for-6.6 reverse stock split of its common stock. Every 6.6 issued and outstanding shares of common stock have been converted into one share of common stock, effective prior to the opening of trading of the Company's common stock on November 27, 2020. As previously announced, stockholders received cash in lieu of fractional shares. Concurrently with the reverse stock split, the company's operating partnership subsidiary, Cedar Realty Trust Partnership, effected a corresponding 1-for-6.6 reverse split of its outstanding units of limited partnership interest. Fractional units were not redeemed in connection with this reverse unit split. |
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