Putting together a REIT is a positive sign. They want to distribute shares of it so it can be traded. Distributing a fraction for each JCP share would give them an instant market following and show respect to current shareholders. I don't expect to make a lot of money from it, but it would feel a little less painful.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.