Shareholders of record as of July 25 will be eligible to vote on the merger resolution. The REIT's officials say materials will be mailed in early August so shareholders can vote by proxy.
The shopping center REIT also announced its last quarterly dividends distribution before the merger, if all goes as planned. UIRT will pay 13 cents per common share on Sept. 12. UIRT has 24 neighborhood and community shopping centers, of which 15 are in Texas, five in Florida, three in Arizona and one in Tennessee. The REIT has had a rocky history weathering litigation from stockholders regarding company performance, disappointing dividends and other problems.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
