Spirit MTA REIT Announces Initial Liquidating Distribution
SPIRIT MTA REIT (SMTA)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Spirit MTA REIT (NYSE: SMTA) (“SMTA” or the “Company”) announced today that its Board of Trustees (“Board”) has declared a cash liquidating distribution of $8.00 per common share. Shareholders of record as of October 14, 2019 will receive the distribution on October 23, 2019.In total, including this initial liquidating distribution and all subsequent distributions, the Company expects shareholders of record will receive aggregate liquidating distributions (from SMTA and/or a liquidating trust or other liquidating entity established in the future) closer to the middle of the previously provided range of $8.50 to $9.35 per common share of the Company, less applicable withholding taxes. This previously provided range was made available in the Company’s Definitive Proxy Statement filed with the SEC on Schedule 14A on August 5, 2019.As previously disclosed, at some point following payment of this cash liquidating distribution, as determined by the Board of Trus
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