Forest City Realty Trust, Inc. (NYSE:FCE.A) Files An 8-K Other EventsItem 8.01 Other Events.
On November 29, 2017, the board of directors of Forest City Realty Trust, Inc. (the “Company”) declared a quarterly dividend of $0.14 per share of the Company’s issued and outstanding Class A Common Stock, par value $0.01 per share (“Common Stock”), payable on December 29, 2017 to holders of record of Common Stock as of the close of business on December 20, 2017.
Given the cumulative effect of prior distributions to stockholders, the dividend is expected to require the Company to adjust the conversion rates applicable to the Company’s 4.25% Convertible Senior Notes due 2018 (the “2018 Notes”) and 3.625% Convertible Senior Notes due 2020 (the “2020 Notes” and collectively with the 2018 Notes, the “Notes”) in excess of 1% to the Indentures governing such Notes.
A copy of the press release announcing the quarterly dividend is “furnished” as Exhibit 99.1 to this Current Report on Form 8-K. The information in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
Press Release, dated November 29, 2017
Forest City Realty Trust, Inc. ExhibitEX-99.1 2 fcrtex991q42017dividendpre.htm EXHIBIT 99.1 Exhibit Exhibit 99.1At the Company ON THE WEBMike Lonswaywww.forestcity.netExecutive Vice President – Planning 216-416-3325 Jeff Linton Senior Vice President – Corporate Communication 216-416-3558 For immediate releaseForest City board declares increased quarterly dividend CLEVELAND,…To view the full exhibit click
About Forest City Realty Trust, Inc. (NYSE:FCE.A)
Forest City Realty Trust, Inc. is engaged in the ownership, development, management and acquisition of commercial, and residential real estate and land throughout the United States. The Company’s segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. The Commercial Group segment owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects. The Residential Group segment owns, develops, acquires and operates residential rental properties, including upscale and middle-market apartments, re-use developments, for-sale condominium projects and subsidized senior housing. The Land Development Group segment acquires and sells both land and developed lots to residential, commercial and industrial customers at its Stapleton project in Denver, Colorado. It conducts all of its business, through the Operating Partnership, Forest City Enterprises, L.P.