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Cedar Realty Trust Announces Final Results of Tender Offer

1. Cedar Realty Trust completed a $12.5 million tender offer for Series C Shares. 2. The offer price ranged from $13.75 to $15.75 per share.

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FAQ

Why Bullish?

The tender offer demonstrates strong liquidity and shareholder return commitment, potentially boosting demand. Past repurchase programs have positively influenced stock prices by signaling company confidence.

How important is it?

Share buybacks are significant indicators of corporate health and influence investor sentiment, which can lead to stock price increases.

Why Short Term?

The immediate impact will be seen as investors react to the completed buyback. This could influence short-term trading but may stabilize over time.

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CDRpBCDRpC
VIRGINIA BEACH, VA / ACCESS Newswire / January 30, 2025 / Cedar Realty Trust, Inc. (NYSE:CDRpB, CDRpC) (the "Company") today announced the final results of its modified "Dutch auction" tender offer to repurchase up to an aggregate amount paid of $12.5 million of shares of its outstanding 6.50% Series C Cumulative Redeemable Preferred Stock (the "Series C Shares") at a price per share not less than $13.75 and not greater than $15.75, which expired at 5:00 P.M., New York City time on January 28, 2025.

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