SITE Centers Corp Announces One-for-Four Reverse Stock Split Starting August 19
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SITE Centers Corp. (NYSE:SITC) announced a one-for-four reverse stock split, effective August 19, 2024. Shareholders will receive cash for fractional shares.
July 15, 2024 | 10:58 am
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SITE Centers Corp. (NYSE:SITC) will undergo a one-for-four reverse stock split on August 19, 2024. Shareholders will receive cash for fractional shares.
Reverse stock splits typically do not affect the fundamental value of the company but can influence stock price perception. The cash compensation for fractional shares ensures no shareholder is left with unusable fractions.
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