NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) ("RPT" or the "Company") announced today that its Board of Trustees declared a special dividend of $0.05444 per common share in connection with the previously announced definitive merger agreement entered into by and between the Company and Kimco Realty Corporation and the parties thereto. The special dividend is payable in cash on December 21, 2023, to shareholders of record on December 7, 2023. As a result of the payment of the special dividend on common shares, the conversion ratio of the Series D convertible preferred shares will be adjusted in accordance with the Company's Articles of Restatement of Declaration of Trust, as amended and supplemented. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends.
About RPT Realty
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the "NYSE"). The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol "RPT". As of September 30, 2023, the Company's property portfolio (the "aggregate portfolio") consisted of 43 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, and 49 retail properties owned through its net lease joint venture, ...