Plymouth Industrial REIT Completes Redemption of Series A Preferred Stock
September 06 2023 - 4:15PM
Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that it
completed its previously announced redemption of all of its
outstanding 7.50% Series A Cumulative Redeemable Preferred Stock
(the “Series A Preferred Stock”) for a total redemption payment of
$48.8 million.
In connection with the redemption, the shares of
Series A Preferred Stock ceased trading on the NYSE American
exchange and were delisted effective at the close of market
today.
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a
full service, vertically integrated real estate investment company
focused on the acquisition, ownership, and management of single and
multi-tenant industrial properties. Our mission is to provide
tenants with cost effective space that is functional, flexible, and
safe.
Forward-Looking Statements
This press release includes “forward-looking
statements” that are made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933 and of Section 21E of the
Securities Exchange Act of 1934. The forward-looking statements in
this release do not constitute guarantees of future performance.
Investors are cautioned that statements in this press release,
which are not strictly historical statements, including, without
limitation, statements regarding management's plans, objectives,
and strategies, constitute forward-looking statements. Such
forward-looking statements are subject to a number of known and
unknown risks and uncertainties that could cause actual results to
differ materially from those anticipated by the forward-looking
statements, many of which may be beyond our control.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as “may,” “plan,” “seek,”
“will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or
“continue” or the negative thereof or variations thereon or similar
terminology. Any forward-looking information presented herein is
made only as of the date of this press release, and we do not
undertake any obligation to update or revise any forward-looking
information to reflect changes in assumptions, the occurrence of
unanticipated events, or otherwise.
Contact: |
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Tripp Sullivan |
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SCR Partners |
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(615) 942-7077 |
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TSullivan@scr-ir.com |
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