Site Centers has unanimously approved a one-for-four reverse stock split of the company’s common shares. The reverse stock split was authorized by the company’s shareholders at the annual meeting of shareholders held on May 8. As a result of the reverse stock split, every four of the company’s issued common shares will be exchanged for one of the company’s common shares. The company currently anticipates that its common shares will begin trading on a split-adjusted basis on the NYSE at the opening of trading on August 19.
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