Brief: NYC Announces Business Strategy Change and Plan To Declare A Common Stock Reverse Stock Split

American Strategic Investment Co

30/12/2022 15:02

Dec 30 (Reuters) - New York City REIT Inc  NYC.N :
    * NYC ANNOUNCES BUSINESS STRATEGY CHANGE AND PLAN TO DECLARE
A
COMMON STOCK REVERSE STOCK SPLIT
    * NEW YORK CITY REIT INC- STRATEGIC CHANGE INCLUDES
EXPANDING
NATURE AND TYPE OF ASSETS OWNED AND OPERATED
    * NEW YORK CITY REIT-  BOARD APPROVED A 1-FOR-8 REVERSE
STOCK
SPLIT
    * NEW YORK CITY REIT INC- INTENDS TO LAUNCH A RIGHTS
OFFERING TO
RAISE ADDITIONAL CAPITAL FROM EXISTING STOCKHOLDERS
    * NEW YORK CITY REIT INC- EXPECTS TO CHANGE ITS REIT
ELECTION AND
BECOME A TAXABLE C CORPORATION

Source text for Eikon:  ID:nBwbKgYDsa 
Further company coverage:  NYC.N