Realty Income (O) has released an update.
Realty Income Corporation has made a strategic move to ensure future financial flexibility by filing a shelf registration statement and two prospectus supplements with the SEC. The documents pave the way for the company’s Dividend Reinvestment and Stock Purchase Plan, and for selling stockholders to offer over 1.7 million shares. This initiative, backed by legal opinions on the validity of the securities, positions the company to potentially enhance its liquidity and investment opportunities.
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