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0 0.00117785630153115 0.00117785630153115 0.00174911660777383 0.00117785630153115 0.000235571260306196 -0.000824499411071936 0.00106007067137813
Stock impact report

Blackstone limits redemptions from $69 billion REIT [Reuters]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Reuters
NEW YORK, Dec 1 (Reuters) - Blackstone Inc (BX.N) said on Thursday it was limiting withdrawals from its $69 billion real estate income trust (REIT) after receiving too many redemption requests, sending the alternative asset manager's shares down 7%. Blackstone said it would curb withdrawals from its REIT franchise after it received in November redemption requests greater than 2% of its monthly net asset value and 5% of its quarterly net asset value. Reporting by Chibuike Oguh in New York Editing by Chris Reese Show less Read more
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