Simon Property Group Registers Common & Series J Preferred Stock

TL;DR

**Simon Property Group just listed its common and preferred stock on an exchange, boosting visibility.**

AI Summary

Simon Property Group, Inc. filed an 8-K on February 8, 2024, to register its Common Stock and Series J Preferred Stock under Section 12(b) of the Securities Exchange Act of 1934. This filing indicates that these securities are now officially listed and trading on a national exchange, making them more accessible and liquid for investors. This matters to shareholders because increased visibility and liquidity can positively impact the stock's trading volume and potentially its market price.

Why It Matters

This registration makes Simon Property Group's Common Stock and Series J Preferred Stock officially tradable on a national exchange, which can increase their visibility and liquidity for investors.

Risk Assessment

Risk Level: low — This filing is a routine administrative update regarding stock registration and does not introduce new financial risks.

Analyst Insight

Investors should note this administrative update confirms the official listing of SPG's common and preferred shares, which could lead to improved market access and liquidity, but it doesn't signal immediate operational changes or financial performance shifts.

Key Players & Entities

• SIMON PROPERTY GROUP, INC. (company) — the registrant filing the 8-K
• February 8, 2024 (date) — date of earliest event reported and filing date
• 001-14469 (other) — Commission File Number
• Delaware (other) — State of incorporation
• 225 West Washington Street Indianapolis, Indiana 46204 (other) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — e on which registered Common stock, $0.0001 par value SPG New York Stock Exchan
• $2.0 billion — program, the Company may purchase up to $2.0 billion of its common stock over the next 24 mo
• $1.7 billion — on May 16, 2024 of which approximately $1.7 billion was available. A copy of the press rel

Filing Documents

• tm245620d1_8k.htm (8-K) — 30KB
• tm245620d1_ex99-1.htm (EX-99.1) — 9KB
• tm245620d1_ex99-1img001.jpg (GRAPHIC) — 2KB
• 0001104659-24-012303.txt ( ) — 260KB
• spg-20240208.xsd (EX-101.SCH) — 3KB
• spg-20240208_def.xml (EX-101.DEF) — 26KB
• spg-20240208_lab.xml (EX-101.LAB) — 36KB
• spg-20240208_pre.xml (EX-101.PRE) — 25KB
• tm245620d1_8k_htm.xml (XML) — 5KB

01 Other Events

ITEM 8.01 Other Events. On February 8, 2024, Simon Property Group, Inc. (NYSE: SPG) issued a press release announcing that the Company's Board of Directors authorized a new common stock repurchase program. Under the new program, the Company may purchase up to $2.0 billion of its common stock over the next 24 months, as market conditions warrant. The shares may be repurchased in the open market or in privately negotiated transactions, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company's sole discretion. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and the program may be suspended or discontinued at any time. This new $2.0 billion program replaces the previous program that had been scheduled to expire on May 16, 2024 of which approximately $1.7 billion was available. A copy of the press release announcing the new repurchase program is attached hereto as Exhibit 99.1, and is incorporated by reference and constitutes a part of this report.

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release, dated February 8, 2024, issued by Simon Property Group, Inc. 104 Cover Page Interactive Data File (embedded 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 thereunto duly authorized. Date: February 8, 2024 SIMON PROPERTY GROUP, INC. By: /s/ Steven E. Fivel Steven E. Fivel Secretary and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR