New York REIT Liquidating LLC fka NYRT

[Enterprising Investor]

New York REIT, Inc. Clarifies Ex-Dividend Date For Cash Liquidating Distribution (11/14/17)

NEW YORK, Nov. 14, 2017 /PRNewswire/ -- New York REIT, Inc. (NYSE: NYRT) (the "Company" or "NYRT"), which is liquidating and winding down pursuant to a plan of liquidation, today clarified the date on which the Company's common stock, par value $0.01 per share (the "Shares"), will trade ex-dividend of the previously announced cash liquidating distribution of $2.07 per share. As previously announced, the cash liquidating distribution will be payable on November 28, 2017 to shareholders of record on November 20, 2017.

Investors should note that the ex-dividend date is set by the NYSE. Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares will begin to trade without the dividend, or ex-dividend, is the first business day following the payment date. Accordingly, the NYSE has informed the Company that it has set an ex-dividend date for the cash liquidating distribution of November 29, 2017. Consequently, if a shareholder as of the record date sells shares at any time prior to the ex-dividend date of November 29, 2017, they will not receive the cash liquidating distribution.

About NYRT

NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our website at www.nyrt.com.

https://www.prnewswire.com/news-releases/new-york-reit-inc-clarifies-ex-dividend-date-for-cash-liquidating-distribution-300555145.html