Site Centers announces new $100M share repurchase plan

SITE Centers Corp. announced that the company’s Board of Directors authorized a new $100M common stock repurchase program. Availability under the company’s prior repurchase program was exhausted in December following fourth quarter repurchases of approximately $22.2M funded with proceeds from wholly-owned property dispositions. The company may utilize various methods to affect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, and the repurchases may be discontinued at any time.