Curbline Properties Announces Tax Basis
04 Outubro 2024 - 7:31AM
Business Wire
On October 1, 2024, Curbline Properties Corp. (NYSE: CURB)
(“CURB” or “Curbline”) completed its separation from SITE Centers
Corp. (NYSE: SITC) (“SITC”) and became an independent publicly
traded company. In the separation, SITC distributed two CURB common
shares for every SITC common share held by SITC shareholders on the
close of business on September 23, 2024 (the “Distribution”).
The fair market value of CURB’s common stock received by SITC
shareholders in the Distribution for federal income tax purposes
has been determined to be $22.29 per share based on the average
closing price per share of CURB’s common stock on its first three
trading days beginning October 1, 2024.
The impact of the Distribution on SITE Centers shareholders’
basis in SITC common stock will be determined after the taxable
year closes and will be noted on IRS Form 8937 with details
expected to be available on SITE Centers’ website at
www.sitecenters.com in the first quarter of 2025.
About Curbline Properties
Curbline is an independent, publicly traded company trading
under the ticker symbol “CURB” on the NYSE. Curbline is an owner
and manager of convenience shopping centers positioned on the
curbline of well-trafficked intersections and major vehicular
corridors in suburban, high household communities. Curbline plans
to elect to be treated as a REIT for U.S. federal income tax
purposes. Additional information about Curbline is available at
www.curbline.com. To be included in the Company’s e-mail
distributions for press releases and other investor news, please
click here.
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Conor Fennerty EVP and Chief Financial Officer (216)
755-6200
Curbline Properties (NYSE:CURB)
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