The company will not receive any cash proceeds from the issuance of its common stock to holders who tender their units for redemption.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UDR:
- UDR Earnings this Week: How Will it Perform?
- Citi sees little financial risk to apartment REITs from reported Biden plan
- Biden to unveil plan to cap rents as GOP convention begins, Washington Post says
- Apple upgraded, Electronic Arts downgraded: Wall Street’s top analyst calls
- UDR upgraded to Outperform from Market Perform at BMO Capital