Retail Value Inc. Announces the Results of Dividend Election
BEACHWOOD, Ohio--(BUSINESS WIRE)--Jan 7, 2020--
On January 7, 2020, Retail Value Inc. (NYSE:RVI) announced that its common stock dividend of $2.05 per share payable on January 8, 2020 will be paid with approximately $7.0 million in cash and approximately 764,000 common shares after giving effect to the Puerto Rico withholding tax of 10% which is applicable to the full $2.05 per share distribution.
The value of the distribution paid in common shares is based upon the volume weighted average trading price of the Company’s Common shares on December 27, December 30, and December 31, 2019, or $36.7839 per share. All fractional shares will be paid in cash.
RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. (formerly known as DDR Corp.). RVI focuses on realizing value in its business through operations and sales of its assets. Additional information about RVI is available at www.retailvalueinc.com.
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CONTACT: Christa Vesy, EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: CONVENIENCE STORE DEPARTMENT STORES DISCOUNT/VARIETY RESTAURANT/BAR HOME GOODS REIT RETAIL FOOD/BEVERAGE SPECIALTY CONSTRUCTION & PROPERTY SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY
SOURCE: Retail Value Inc.
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PUB: 01/07/2020 04:05 PM/DISC: 01/07/2020 04:05 PM