SITE Centers Corp Announces One-for-Four Reverse Stock Split Starting August 19
SITE Centers Corp. (NYSE:SITC) (the "Company") today announced that its Board of Directors has unanimously approved a one-for-four reverse stock split of the Company's common shares. The reverse stock split was authorized by the Company's shareholders at the annual meeting of shareholders held on May 8, 2024. As a result of the reverse stock split, every four of the Company's issued common shares will be exchanged for one of the Company's common shares. The Company's shareholders will not receive fractional shares in connection with the reverse stock split but will receive cash in lieu of fractional shares. The Company currently anticipates that its common shares will begin trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on August 19, 2024.