New York REIT, Inc. To Issue A $1.00 Per Share Cash Liquidating Distribution (12/06/17)
NEW YORK, Dec. 6, 2017 /PRNewswire/ -- New York REIT, Inc. (NYSE: NYRT) (the "Company" or "NYRT"), which is liquidating and winding down pursuant to a plan of liquidation, announced today the Company's Board of Directors has declared a cash liquidating distribution of $1.00 per share to be paid on December 27, 2017 to shareholders of record as of December 18, 2017. The liquidating distribution is being paid from the net proceeds from recent property sales.
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.