When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NYC - NYC plans to change to taxable C corporation announces reverse stock split
New York City REIT Inc. Class A
New York City REIT ( NYSE: NYC ) expects to change its REIT election and become a taxable C corporation. The election if and when made, would be effective as of January 1, 2023.
Additionally, the board approved a 1-for-8 reverse stock split, converting each outstanding common share into 0.125 shares of common stock, effective January 11, 2023.