Cedar Realty Trust Updates Preferred Stock Trading Status

TL;DR

**Cedar Realty Trust's preferred shares might be delisted, impacting their tradability.**

AI Summary

Cedar Realty Trust, Inc. filed an 8-K on January 23, 2024, to update the trading symbols and exchanges for its preferred stock. Specifically, the 7.25% Series B Cumulative Redeemable Preferred Stock and the 6.50% Series C Cumulative Redeemable Preferred Stock are now listed without specific trading symbols or exchanges, indicating a potential delisting or change in their trading status. This matters to current or prospective shareholders because it suggests these preferred shares may no longer be publicly traded on a major exchange, which could impact their liquidity and valuation.

Why It Matters

This filing indicates a change in the trading status of Cedar Realty Trust's preferred shares, which could significantly affect their liquidity and how easily investors can buy or sell them.

Risk Assessment

Risk Level: medium — The potential delisting of preferred shares introduces liquidity risk for investors, as it may become harder to sell these securities.

Analyst Insight

A smart investor holding Cedar Realty Trust's preferred shares should investigate the current trading status and liquidity of these securities immediately, and consider the implications for their portfolio. Potential investors should exercise caution due to the unclear trading status.

Key Players & Entities

• Cedar Realty Trust, Inc. (company) — the registrant filing the 8-K
• 7.25% Series B Cumulative Redeemable Preferred Stock (company) — a class of securities mentioned in the filing
• 6.50% Series C Cumulative Redeemable Preferred Stock (company) — a class of securities mentioned in the filing
• January 23, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• The liquidity of Cedar Realty Trust's 7.25% Series B and 6.50% Series C preferred stocks will decrease. (Cedar Realty Trust, Inc.) — high confidence, target: 2024-03-31
• The market price of the preferred shares may experience downward pressure due to reduced trading access. (Cedar Realty Trust, Inc.) — medium confidence, target: 2024-06-30

FAQ

Key Financial Figures

• $25.00 — Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value CDRpB New York Stock
• $0.453125 — lared the payment of a cash dividend of $0.453125 per share on the Company's 7.25% Series
• $0.40625 — lared the payment of a cash dividend of $0.40625 per share on the Company's 6.50% Series

Filing Documents

• cdr-20240123.htm (8-K) — 31KB
• exh991-cdrdividendreleas.htm (EX-99.1) — 2KB
• exh991-cdrdividendreleas001.jpg (GRAPHIC) — 134KB
• 0000761648-24-000003.txt ( ) — 381KB
• cdr-20240123.xsd (EX-101.SCH) — 2KB
• cdr-20240123_def.xml (EX-101.DEF) — 15KB
• cdr-20240123_lab.xml (EX-101.LAB) — 29KB
• cdr-20240123_pre.xml (EX-101.PRE) — 16KB
• cdr-20240123_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 23, 2024, Cedar Realty Trust, Inc. (the "Company") announced that its Board of Directors (the "Board") declared the payment of a cash dividend of $0.453125 per share on the Company's 7.25% Series B Cumulative Redeemable Preferred Stock, payable on February 20, 2024, to shareholders of record as of the close of business on February 9, 2024. The Company also announced that the Board declared the payment of a cash dividend of $0.40625 per share on the Company's 6.50% Series C Cumulative Redeemable Preferred Stock, payable on February 20, 2024, to shareholders of record as of the close of business on February 9, 2024. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CEDAR REALTY TRUST, INC. Date: January 23, 2024 By: /s/ M. ANDREW FRANKLIN M. Andrew Franklin Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR