SIMON PROPERTY GROUP,INC. (NYSE:SPG) Files An 8-K Other Events
Item 8.01Other Events.
On February14, 2017, Simon Property Group,Inc. (NYSE: SPG),
issued a press release announcing that the Companys Board of
Directors authorized a two year extension of its $2.0 billion
common stock repurchase program that had previously been
announced on April2, 2015 and was scheduled to expire on March31,
2017. Since the programs inception the Company has purchased
approximately $600 million of its common stock. Under the
extended program, the Company may purchase the remaining balance
of approximately $1.4 billion of its common stock that had
previously been authorized as market conditions warrant. The
extended program will expire on March31, 2019. The shares may be
repurchased in the open market or in privately negotiated
transactions.
A copy of the press release announcing the repurchase program is
attached hereto as Exhibit99.1, and is incorporated herein by
reference and constitutes part of this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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ExhibitNo. |
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Description |
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99.1 |
Press Release, dated February14, 2017, issued by Simon |
About SIMON PROPERTY GROUP, INC. (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. The Company owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 35 states and Puerto Rico. The Company also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas. The Company is involved in redevelopment and expansion projects, including the addition of anchors and big box tenants, underway at approximately 25 properties in the United States. SIMON PROPERTY GROUP, INC. (NYSE:SPG) Recent Trading Information
SIMON PROPERTY GROUP, INC. (NYSE:SPG) closed its last trading session down -0.73 at 180.94 with 1,079,669 shares trading hands.