Cedar Realty Trust Delists Series B & C Preferred Stock
Ticker: CDR-PB · Form: 8-K · Filed: Jan 24, 2024 · CIK: 761648
| Field | Detail |
|---|---|
| Company | Cedar Realty Trust, Inc. (CDR-PB) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $25.00 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: delisting, preferred-stock, corporate-action
TL;DR
**Cedar Realty Trust delisted its Series B and C preferred stocks, impacting their liquidity.**
AI Summary
Cedar Realty Trust, Inc. filed an 8-K on January 24, 2024, to report that its 7.25% Series B Cumulative Redeemable Preferred Stock and 6.50% Series C Cumulative Redeemable Preferred Stock are no longer registered on any exchange. This matters to investors because these preferred stocks, which previously traded on an exchange, are now delisted, potentially impacting their liquidity and market visibility for current or prospective shareholders.
Why It Matters
The delisting of these preferred stocks means they will no longer trade on a public exchange, which could reduce their liquidity and make them harder for investors to buy or sell.
Risk Assessment
Risk Level: medium — The delisting of preferred stock can reduce liquidity and price transparency, posing a medium risk to holders of these specific securities.
Analyst Insight
Investors holding Cedar Realty Trust's Series B or C preferred stock should investigate over-the-counter trading options or potential tender offers, as liquidity will be significantly impacted by the delisting.
Key Players & Entities
- Cedar Realty Trust, Inc. (company) — the registrant filing the 8-K
- 7.25% Series B Cumulative Redeemable Preferred Stock (other) — a class of securities no longer registered
- 6.50% Series C Cumulative Redeemable Preferred Stock (other) — a class of securities no longer registered
- January 24, 2024 (date) — date of earliest event reported and filing date
FAQ
What specific securities of Cedar Realty Trust, Inc. are affected by this 8-K filing?
This 8-K filing specifically concerns the 7.25% Series B Cumulative Redeemable Preferred Stock and the 6.50% Series C Cumulative Redeemable Preferred Stock of Cedar Realty Trust, Inc.
What is the primary event reported in this 8-K filing by Cedar Realty Trust, Inc.?
The primary event reported is that the 7.25% Series B Cumulative Redeemable Preferred Stock and the 6.50% Series C Cumulative Redeemable Preferred Stock are no longer registered pursuant to Section 12(b) of the Act, meaning they are delisted from public exchanges.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 24, 2024.
What is the Commission File Number for Cedar Realty Trust, Inc. as stated in the filing?
The Commission File Number for Cedar Realty Trust, Inc. is 001-31817.
What is the business address of Cedar Realty Trust, Inc. according to the filing?
The business address of Cedar Realty Trust, Inc. is 2529 Virginia Beach Blvd., Virginia Beach, VA 23452.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 10.1 · Accepted 2024-01-24 16:17:57
Key Financial Figures
- $25.00 — Cumulative Redeemable Preferred Stock, $25.00 Liquidation Value CDRpB New York Stock
Filing Documents
- cdr-20240124.htm (8-K) — 30KB
- exh9911-23x2024130pm.htm (EX-99.1) — 4KB
- exh9911-23x2024130pm001.jpg (GRAPHIC) — 154KB
- exh9911-23x2024130pm002.jpg (GRAPHIC) — 66KB
- 0000761648-24-000006.txt ( ) — 502KB
- cdr-20240124.xsd (EX-101.SCH) — 2KB
- cdr-20240124_def.xml (EX-101.DEF) — 15KB
- cdr-20240124_lab.xml (EX-101.LAB) — 29KB
- cdr-20240124_pre.xml (EX-101.PRE) — 16KB
- cdr-20240124_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On January 24, 2024, Cedar Realty Trust, Inc. (the "Company") issued a press release announcing tax information for 2023 distributions. 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 24, 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 24, 2024 By: /s/ M. ANDREW FRANKLIN M. Andrew Franklin Chief Executive Officer and President