PORT WASHINGTON, N.Y.,
Nov. 27, 2020 /PRNewswire/ -- Cedar
Realty Trust, Inc. (NYSE: CDR – the "Company") announced today 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. In addition, the common stock has been assigned
a new CUSIP number: 150602 605.
Concurrently with the reverse stock split, the Company's
operating partnership subsidiary, Cedar Realty Trust Partnership,
L.P., 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.
About Cedar Realty Trust
Cedar Realty Trust, Inc. is a
fully-integrated real estate investment trust which focuses on the
ownership, operation and redevelopment of grocery-anchored shopping
centers in high-density urban markets from Washington, D.C. to Boston. The Company's portfolio (excluding
properties treated as "held for sale") comprises 54 properties,
with approximately 8.2 million square feet of gross leasable
area.
For additional financial and descriptive information on the
Company, its operations and its portfolio, please refer to the
Company's website at www.cedarrealtytrust.com.
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SOURCE Cedar Realty Trust, Inc.