Site Centers Sells Dividend Trust Portfolio Interests for Net Proceeds of $32.4 Million; Plans to Delist Shares From NYSE

05:52 PM EDT, 10/15/2026 (MT Newswires) -- Site Centers (SITC) has sold its interests in the Dividend Trust Portfolio joint venture for net proceeds of about $32.4 million and announced its plan to delist its shares from the New York Stock Exchange, the company said in separate statements late Thursday. The board set a special cash distribution of $3 per share, payable on Nov. 5 to shareholders of record as of Oct. 27, the company said. Site Centers announced its plan to delist shares as it expects the special distribution to drive its common share price and market capitalization to levels that would trigger involuntary delisting by NYSE, it said. Site Centers expects the delisting to occur before the commencement of trading on Dec. 4. Shares of the company rose nearly 19% in after-hours activity.