THE MACERICH COMPANY (NYSE:MAC) Files An 8-K Regulation FD Disclosure
ITEM7.01
| REGULATION FD DISCLOSURE. |
On February13, 2017, The Macerich Company, a Maryland corporation
(the Company), issued a press release announcing that its Board
of Directors has authorized the repurchase of up to $500million
of the Companys outstanding common shares as market conditions
and the Companys liquidity warrant. The usage of this repurchase
program is not anticipated to change the recently issued 2017
earnings guidance. Repurchases may be made through open market
purchases, privately negotiated transactions, structured or
derivative transactions, including accelerated stock repurchase
transactions, or other methods of acquiring shares and to Rule
10b5-1, from time to time as permitted by securities laws and
other legal requirements.
A copy of the press release is furnished as Exhibit 99.1 to this
Form 8-K and incorporated by reference into this Item7.01.
| ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits
| 99.1 |
Press Release, dated February13, 2017, regarding the Companys authorization to repurchase common stock. |
About THE MACERICH COMPANY (NYSE:MAC)
The Macerich Company is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. It owns 56 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. It specializes in retail properties in many of the country’s populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. THE MACERICH COMPANY (NYSE:MAC) Recent Trading Information
THE MACERICH COMPANY (NYSE:MAC) closed its last trading session down -0.53 at 67.17 with 794,964 shares trading hands.
