PHOENIX, July 20, 2015 /PRNewswire/ -- American
Realty Capital Properties, Inc. (NASDAQ: ARCP) ("ARCP" or the
"Company") announced today that it will transfer the listing of its
common stock ("Common Stock"), par value $0.01 per share, and 6.70% Series F Cumulative
Redeemable Preferred Stock ("Series F Preferred Stock"), par value
$0.01 per share, from the NASDAQ
Global Select Market ("NASDAQ") to the New York Stock Exchange
("NYSE"). The Company expects to begin trading on the NYSE on
July 31, 2015. Until the opening of
trading July 31, 2015, when the
Company expects the Common Stock and Series F Preferred Stock will
begin to trade on the NYSE under a new, soon-to-be announced
corporate name and ticker symbols, each of the Common Stock and
Series F Preferred Stock will continue to trade on the NASDAQ under
the ticker symbols ARCP and ARCPP, respectively.
"In line with the many changes that we have made recently at the
corporate level to re-position the Company, we are excited to
re-list under a new name and ticker symbol with the NYSE," said
Glenn J. Rufrano, ARCP's Chief
Executive Officer. "I look forward to sharing more news about these
positive changes, our business plan and continued enhancements to
our corporate governance on the upcoming second quarter earnings
call."
Additionally, the Company announced that it expects to issue,
jointly with its operating partnership, ARC Properties Operating
Partnership, L.P. (the "OP"), its second quarter 2015 Quarterly
Report on Form 10-Q on Thursday, August 6,
2015, and host an audio webcast on that same day at
1 p.m. Eastern Time to provide a
business update and discuss financial results. The call will be
conducted by Mr. Rufrano and Michael J.
Sodo, ARCP's Chief Financial Officer.
The public can access the live audio webcast via the Company's
Investor Relations website at:
http://ir.americanrealtycapitalproperties.com/.
Participants should access the webcast 10-15 minutes early. A
replay will be available via the Company's Investor Relations
website approximately one hour after the completion of the
webcast.
About the Company
ARCP is a leading, full-service
real estate operating company with investment management
capability. ARCP owns and actively manages a diversified portfolio
of retail, restaurant, office and industrial real estate assets
with a total asset book value of $20.3
billion including approximately 4,650 properties totaling
102 million square feet. Additionally, ARCP manages $6.1 billion of gross real estate investments on
behalf of the Cole Capital® non-traded REITs. ARCP is a publicly
traded Maryland corporation.
Additional information about ARCP can be found on its website at
www.arcpreit.com. ARCP may disseminate important information
regarding it and its operations, including financial information,
through social media platforms such as Twitter, Facebook and
LinkedIn.
Forward-Looking Statements
Information set forth
herein contains "forward-looking statements" (as defined in Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended), which reflect
ARCP's expectations regarding future events. The forward-looking
statements involve a number of assumptions, risks, uncertainties
and other factors that could cause actual results to differ
materially from those contained in the forward-looking statements.
Such forward-looking statements include, but are not limited to:
ARCP's ability to transfer the listing of its Common Stock and
Series F Preferred Stock to the NYSE and its ability to do so
within the announced timeframe; ARCP's expectation that it will
file its and the OP's second quarter 2015 Quarterly Report on Form
10-Q on the announced date; and ARCP's plans, market and other
expectations, objectives, intentions and other statements that are
not historical facts. Additional factors that may affect future
results are contained in ARCP's filings with the U.S. Securities
and Exchange Commission (the "SEC"), which are available at the
SEC's website at www.sec.gov. ARCP disclaims any obligation to
update and revise statements contained in these materials based on
new information or otherwise.
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SOURCE American Realty Capital Properties, Inc.