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Accesswire
2 months ago
Cedar Realty Trust Announces Preferred Stock Repurchase Authorization
VIRGINIA BEACH, VIRGINIA / ACCESS Newswire / August 12, 2025 / Cedar Realty Trust, Inc. (NYSE:CDRpB)(NYSE:CDRpC) (the "Company") announced today that its Board of Directors authorized on August 8, 2025 the repurchase of up to an aggregate amount of $20 million of the Company's 7.25% Series B Cumulative Redeemable Preferred Stock and 6.50% Series C Cumulative Redeemable Preferred Stock (together, the "Preferred Stock") over a period of 24 months. Preferred Stock repurchases may be made in the open market, through privately negotiated transactions, block trades or other means, as determined by management, in accordance with applicable securities laws, including through repurchase plans complying with the rules and regulations of the U.S. Securities and Exchange Commission.