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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 $2.00 per share to be paid on January 26, 2018 to shareholders of record as of January 19, 2018. The liquidating distribution is being paid from the net proceeds from recent property sales.
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…
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