BELLEVUE CAPITAL PARTNERS, LLC ANNOUNCES FINAL RESULTS OF TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP.
- 80
PR Newswire
NEW YORK, July 16, 2024
NEW YORK, July 16, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today the final results of its tender offer to purchase for cash up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock at a price of $11.00 per share (the "Tender Offer"), which expired at 5:00 p.m., New York City time, on July 15, 2024.
Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, 179,219 shares of ASIC's common stock were properly tendered and not properly withdrawn.
The tender offer was oversubscribed. Pursuant to the terms of the offer, 125,000 shares of ASIC's common stock were accepted for purchase on a pro rata basis, for an aggregate cost of approximately $1,375,000, in cash, less any fees, expenses or applicable withholding taxes relating to the tender offer. The repurchased shares represent approximately 4.85% of ASIC's shares outstanding as of May 2, 2024.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bellevue-capital-partners-llc-announces-final-results-of-tender-offer-for-shares-of-american-strategic-investment-corp-302198701.html
SOURCE Bellevue Capital Partners, LLC
PR Newswire es un distribuidor de comunicados de prensa con sede en la ciudad de Nueva York. El servicio se creó en 1954 para permitir que las empresas envíen comunicados de prensa electrónicamente a las organizaciones de noticias, al principio utilizando teleimpresores.
- La Global AI Summit 2024 continuó transformando el panorama de datos e IA en el último día
- Hiconics presenta innovadoras soluciones energéticas para el hogar en RE+ 2024, marcando las tendencias en relación con la energía renovable en América del Norte
- SDAIA y Microsoft crearán un centro de excelencia para impulsar la transformación y la innovación en IA
- Credlix US, plataforma global de financiación de la cadena de suministro, lanza sus operaciones en México
- Antaisolar brilla en Intersolar S.A.: innovaciones y crecimiento destacados
- Xinhua Silk Road: Un equipo de medios de comunicación extranjeros elogia la "Solución Shaangu" en un recorrido por el taller de montaje del Noroeste de China