NEW
YORK, Oct. 27, 2023 /PRNewswire/ -- Bellevue
Capital Partners, LLC ("Bellevue") announced today the final
results of its tender offer to purchase for cash up to 350,000
shares of American Strategic Investment Co. (NYSE: NYC)
("ASIC") common stock at a price of $10.25 per share (the "Tender Offer"), which
expired at 11:59 p.m., New York City time, on October 26, 2023.
Based on the final count by Computershare Trust Company, N.A.,
the depositary for the tender offer, 223,460 shares of
ASIC's common stock were properly tendered and not
properly withdrawn at a price of $10.25 per share, for an aggregate cost of
approximately $2,290,465, in cash,
less any fees, expenses or applicable withholding taxes relating to
the tender offer. The repurchased shares represent approximately
9.6% of ASIC's shares outstanding as of August 8, 2023.
Computershare Trust Company, N.A., the depositary for the tender
offer, will promptly issue payment for the shares of
ASIC common stock validly tendered and accepted for
purchase in the tender offer, and will return all other shares
tendered and not purchased in the tender offer.
About Bellevue Capital Partners, LLC
Bellevue is a
leading, diversified investment, asset management and operating
platform and the sole member of AR Global Investments, LLC, the
parent company to the advisor and property manager of
ASIC.
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SOURCE Bellevue Capital Partners, LLC