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SITE Centers Board Approves One-for-four Reverse Stock Split

July 15, 2024 — 07:38 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Monday, SITE Centers Corp. (SITC) announced that its Board approved a one-for-four reverse stock split for the company's common shares.

The company, known for owning and managing open-air shopping centers in affluent suburban areas, mentioned that shareholders will receive cash instead of fractional shares as a result of the reverse stock split.

The company anticipates that its common shares will commence trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on August 19, 2024.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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