DCT Industrial Trust® Announces Completion of 1-for-4 Reverse Stock Split
November 17 2014 - 4:10PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today the completion of its previously
announced 1-for-4 reverse stock split of its common stock. Every
four issued and outstanding shares of common stock have been
converted into one share of common stock, effective prior to the
opening of trading of the Company’s common stock on November 18,
2014. As previously announced, stockholders received cash in lieu
of fractional shares. In addition, the common stock has been
assigned a new CUSIP number: 233153 204.
Concurrently with the reverse stock split, the Company’s
operating partnership subsidiary, DCT Industrial Operating
Partnership LP, effected a corresponding 1-for-4 reverse split of
its outstanding units of limited partnership interest. Fractional
units were not redeemed in connection with this reverse unit
split.
About DCT Industrial Trust®
DCT Industrial Trust is a leading industrial real estate company
specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. As of September 30,
2014, the Company owned interests in approximately 74.3 million
square feet of properties leased to approximately 900 customers.
DCT maintains a Baa2 rating from Moody’s Investors Service and a
BBB- from Standard & Poor’s Rating Services.
Click here to subscribe to Mobile Alerts for DCT Industrial.
DCT Industrial TrustMelissa Sachs, 303-597-2400VP, Corporate
Communications & Investor
Relationsinvestorrelations@dctindustrial.com
Dct Industrial Trust (delisted) (NYSE:DCT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Dct Industrial Trust (delisted) (NYSE:DCT)
Historical Stock Chart
From Apr 2023 to Apr 2024