Retail Value Inc. Announces the Results of Dividend Election
January 07 2020 - 4:05PM
Business Wire
On January 7, 2020, Retail Value Inc. (NYSE:RVI) announced that
its common stock dividend of $2.05 per share payable on January 8,
2020 will be paid with approximately $7.0 million in cash and
approximately 764,000 common shares after giving effect to the
Puerto Rico withholding tax of 10% which is applicable to the full
$2.05 per share distribution.
- Holders of approximately 1.4 million
shares elected to receive the distribution in 100% RVI common
shares and, after giving effect to the Puerto Rico withholding tax
of 10% on the full $2.05 per share distribution, will receive
$1.845 per share in RVI common shares.
- Holders of approximately 17.6 million
shares elected to receive the distribution in 100% cash and, after
giving effect to the Puerto Rico withholding tax of 10% on the full
$2.05 per share distribution, will receive $0.398576 per share in
cash (21.6%) and $1.446424 per share in RVI common shares
(78.4%).
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 27, December 30, and December 31, 2019,
or $36.7839 per share. All fractional shares will be paid in
cash.
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. (formerly known as
DDR 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200107005972/en/
Christa Vesy, EVP and Chief Financial Officer216-755-5500
Retail Value (NYSE:RVI)
Historical Stock Chart
From Apr 2024 to May 2024
Retail Value (NYSE:RVI)
Historical Stock Chart
From May 2023 to May 2024