My Market Wizard

CEDAR REALTY TRUST, INC. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Cedar Realty Trust, Inc. 6.50%

Filing date:

02/21/2025

TLDR:

Cedar Realty Trust announced concurrent offers to purchase up to $9,500,000 of its Series C and Series B Cumulative Redeemable Preferred Stock.

ELI5:

Cedar Realty Trust is offering to buy back some of its preferred stock (Series B and Series C) for a certain price. This is like the company saying, ‘We’re willing to pay you this much if you want to sell your shares back to us.’

Accession #:

0001213900-25-015848

Published on

Analyst Summary

  • Cedar Realty Trust, Inc. is offering to purchase up to an aggregate amount of $9,500,000 of its Series C and Series B preferred stock.
  • The Series C Offer is for up to 584,615 shares at $16.25 per share.
  • The Series B Offer is for up to 535,211 shares at $17.75 per share.
  • The offers will commence on February 21, 2025, and expire on March 21, 2025, unless extended or terminated.
  • The Company intends to pay for the Shares repurchased in the Offers with available cash.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️