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New York REIT, Inc.
Ticker Symbol: NYRT* CUSIP: 64976L109 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/02/18
Company's Online Profile
BUSINESS: New York REIT, Inc. is a pure play New York City real estate investment trust (REIT) with over 95% of its assets in Manhattan and 100% of its assets in New York City. NYRT’s primary investment objectives are to preserve and protect capital, provide attractive and stable cash distributions, and increase the value of assets in order to generate capital appreciation on behalf of shareholders.
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Notes: Nov. 7, 2018 -- New York REIT, Inc. announced today the completion of the previously announced conversion to New York REIT Liquidating LLC (the "LLC") pursuant to the previously announced plan of liquidation. The conversion to the LLC became effective at 5:00 p.m. Eastern on November 7, 2018. As previously reported, November 2, 2018 was the last day of trading of the Company's common stock, par value $0.01 per share, on the New York Stock Exchange and the Company's stock transfer books were closed as of 4:00 p.m. Eastern on such date. At the effective time of the conversion, holders of the Company's Common Stock automatically received one unit of membership interest in the LLC for each share of the Company's Common Stock held by such holder. As previously disclosed, Units in the LLC will not be listed on the NYSE, or any other exchange, and will not be transferable except by will, intestate succession or operations of law. This restriction on transfer will not prohibit the transfer of Units held, as shares of Common Stock were held, by nominees or brokers to the beneficial holders of those Units. Based on the average of the high and low trading prices of the Common Stock on the last three days on which the shares were traded on the NYSE, the deemed distribution for tax purposes to holders of Common Stock as of 5:00 p.m. on November 7, 2018 is $14.00 per share of Common Stock. For a detailed description of the federal income tax and investment considerations relating to the conversion and its effect on your interests in the Company, reference is made to the proxy statement/prospectus filed by the Company with the Securities and Exchange Commission ("SEC") on August 6, 2018, a copy of which is available on the SEC's website, www.sec.gov, as well as the Company's website, www.nyrt.com, under the investor relations tab. Stockholders are strongly advised to contact their investment and tax advisors. ____________ March 31, 2014 -- American Realty Capital New York Recovery REIT, Inc. announced today that, in accordance with previously announced plans, it has filed an application and has been cleared to list its common stock on the New York Stock Exchange
(NYSE) under the symbol NYRT. The Company anticipates that its common stock will begin trading on the NYSEon April 15, 2014.
Concurrent with the Listing, the Company intends to change its name to New York REIT, Inc. In addition, the Company announced its intention to commence a tender offer to purchase up to $250 million of its shares of common stock.
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IPO - 1/1/1900
Previous Name: American Realty Capital New York Recovery REIT, Inc. Changed: 4/01/14
Large Cap Stock -
Market Value $ 1.9 Billion
Yahoo News Summary for NYRT*
YAHOO! Profile for NYRT*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for NYRT*
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 405 Park Avenue, New York, NY 10022 |
| Main Phone Number |
212-415-6500 |
| Fax Number |
Not Available |
| Investor Relations
Andy Backman
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212-415-6500
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| CEO - Nicholas S. Schorsch |
TRS - Michael Weil |
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