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Cedar Realty Trust Announces Upcoming Expiration of Tender Offer

1. Cedar Realty Trust is repurchasing $12.5 million in preferred shares. 2. Tender offer for Series C shares expires January 28, 2025.

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FAQ

Why Bullish?

The buyback suggests confidence in financial stability and could enhance shareholder value, similar to past buyback programs boosting stock prices.

How important is it?

The decision to repurchase shares demonstrates financial health and can positively influence CDR's stock performance.

Why Short Term?

Immediate repurchase impacts stock value, but long-term effects depend on overall market conditions.

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CDRpBCDRpC
VIRGINIA BEACH, VA / ACCESS Newswire / January 27, 2025 / As previously disclosed, the tender offer of Cedar Realty Trust, Inc. (NYSE:CDRpB)(NYSE:CDRpC) (the "Company") to repurchase up to an aggregate amount paid of $12.50 million of shares of its outstanding 6.50% Series C Cumulative Redeemable Preferred Stock (the "Series C Shares") is intended to expire at 5:00 P.M., New York City Time on January 28, 2025.

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