CBL Properties Regains Full Compliance With NYSE Continued Listing Standards
October 02 2019 - 11:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced that the New York
Stock Exchange (NYSE) has notified the Company that, based on CBL’s
common stock price, it has regained full compliance with NYSE
continued listing criteria.
CBL received written notification from the NYSE on October 1,
2019, that it regained compliance after the Company’s average stock
price for the 30-trading-day period ended September 30, 2019, as
well as the closing price on that date, were above the NYSE’s
minimum listing criteria of $1.00. The Company, which has continued
to trade on the NYSE since falling below the minimum share price,
is now in compliance with all NYSE listing criteria.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s portfolio is comprised of
108 properties totaling 68.2 million square feet across 26 states,
including 68 high‑quality enclosed, outlet and open-air retail
centers and nine properties managed for third parties. CBL
continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
Information included herein contains "forward-looking
statements" within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K and the "Management’s Discussion and Analysis
of Financial Condition and Results of Operations" included therein,
for a discussion of such risks and uncertainties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191002005562/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Investment Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com
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