Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CDR | 7.25% Series B Cumulative Redeemable Preferred Stock | Sale | -$13.3K | -752 | -26.02% | $17.75 | 2.14K | Apr 10, 2025 | Direct | F1 |
holding | CDR | 6.50% Series C Cumulative Redeemable Preferred Stock | 855 | Apr 10, 2025 | Direct |
Id | Content |
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F1 | On February 21, 2025, Cedar Realty Trust, Inc. (the "Issuer") announced concurrent but separate offers to purchase up to an aggregate amount of $9,500,000 of (i) up to 584,615 shares of its 6.50% Series C Cumulative Redeemable Preferred Stock for $16.25 per share, in cash, and (ii) up to 535,211 shares of its 7.25% Series B Cumulative Redeemable Preferred Stock (the "Series B Shares") for $17.75 per share (the "Series B Share Price"), in cash, which expired on March 21, 2025 (each, a "Tender Offer"). On March 24, 2025, the Issuer announced that the Series B Tender Offer would remain open until April 4, 2025 and the aggregate amount of shares that may be purchased under the Tender Offers was increased to $19,500,000 following the expiration of the Series C Tender Offer. On April 10, 2025, in accordance with the terms of the Tender Offers, the Issuer purchased 592,372 Series B Shares at the Series B Share Price, including 752 Series B Shares tendered by the Reporting Person. |