FREVS Confirms OTC Pink Listing for Common Stock
Ticker: FREVS · Form: 8-K · Filed: Jan 26, 2024 · CIK: 36840
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, regulatory-filing
TL;DR
**FREVS common stock is officially listed on the OTC Pink Market.**
AI Summary
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS) filed an 8-K on January 26, 2024, reporting an "Other Event" that occurred on January 25, 2024. The filing primarily updates their registered securities, specifically listing their Common Stock, par value $0.01 per share, as trading on the OTC Pink Market under the symbol FREVS, and also mentions Preferred Stock Purchase Rights. This matters to investors because it confirms the current trading venue and structure of their equity, which is crucial for liquidity and understanding the company's capital structure.
Why It Matters
This filing clarifies where FREVS common stock is traded, which impacts its accessibility and liquidity for investors. Understanding the trading venue is fundamental for any shareholder.
Risk Assessment
Risk Level: low — This filing is purely informational, confirming existing trading details, and does not introduce new financial risks or operational changes.
Analyst Insight
Investors should note the confirmed trading venue for FREVS common stock, as this impacts liquidity and accessibility. No immediate action is required based on this informational filing, but it's a good reminder to understand where your shares trade.
Key Numbers
- $0.01 — Par value per share (The stated value of each share of common stock.)
Key Players & Entities
- FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (company) — the registrant filing the 8-K
- $0.01 (dollar_amount) — par value per share of common stock
- FREVS (company) — trading symbol for common stock
- OTC Pink Market (company) — exchange where common stock is registered
Forward-Looking Statements
- Trading volume for FREVS will remain consistent on the OTC Pink Market. (FREVS) — medium confidence, target: Q2 2024
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
On what date was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 25, 2024.
What is the trading symbol for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.'s common stock?
The trading symbol for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.'s common stock is FREVS.
What is the par value per share of the common stock mentioned in the filing?
The par value per share of the common stock mentioned in the filing is $0.01.
Which exchange is the common stock of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. registered on?
The common stock of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. is registered on the OTC Pink Market.
Filing Stats: 952 words · 4 min read · ~3 pages · Grade level 14.2 · Accepted 2024-01-26 15:38:21
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share FREVS OTC Pink Market Pre
- $0.05 — ") declared a first quarter dividend of $0.05 per share on the Common Stock of the Tr
Filing Documents
- form8k-31414_frevs.htm (8-K) — 29KB
- 0001174947-24-000129.txt ( ) — 238KB
- frevs-20240125.xsd (EX-101.SCH) — 3KB
- frevs-20240125_def.xml (EX-101.DEF) — 26KB
- frevs-20240125_lab.xml (EX-101.LAB) — 36KB
- frevs-20240125_pre.xml (EX-101.PRE) — 25KB
- form8k-31414_frevs_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events . On January 25, 2024, the Board of Directors of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT" or the "Trust") declared a first quarter dividend of $0.05 per share on the Common Stock of the Trust to holders of record of said shares at the close of business on March 1, 2024. The payment date for the dividend is March 15, 2024. The Board of Directors will continue to evaluate the dividend on a quarterly basis, and there can be no assurance that dividends will be declared for any future period. In addition, the amount of the dividend declared on January 25, 2024 is not necessarily indicative of the amount of any dividends that may be declared in the future. Forward-Looking and Cautionary Statements This current report on Form 8-K may contain forward-looking "project," "intend," "believe," "guidance," "approximately," "anticipate," "may," "should," "seek" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters. You can also identify forward-looking risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and/or methods which may be incorrect or imprecise and we may not be able to realize them. The following risks and uncertainties, among others, could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: industry and economic conditions; FREIT's ability to satisfy the
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (Registrant) By: /s/ Robert S. Hekemian, Jr. Robert S. Hekemian, Jr. President and Chief Executive Officer Date: January 26, 2024