Griffin Realty Trust (GRT) has plans to pursue a listing of the company’s common shares on the New York Stock Exchange (NYSE).
In preparation for this listing, GRT intends to implement the following strategic actions: (i) effective as of March 7, 2023, suspend the company’s share redemption program (now in place for death, qualifying disability and determination of incompetence or incapacitation), which will automatically terminate in connection with the listing because a trading market will exist for the company’s common shares, and (ii) ahead of the listing, transition to Computershare as transfer agent to the company and its shareholders and complete a reverse share split.
Michael Escalante, GRT’s president and CEO, commented, “We have made significant progress in reducing debt on our balance sheet and de-risking our portfolio, as well as proactively managing our portfolio’s maturing leases. After careful consideration of the changing conditions in the m
