The Board of Directors of Cedar Realty Trust approved a reverse split of the company's common stock at a ratio of 1-for-6.6., to be held on November 27, 2020 at 9:00 a.m. Eastern Time. The conversion will reduce the number of outstanding securities from approximately 89.3 million to 13.5 million. Quarterly dividends are also expected to be adjusted to reflect the new number of shares in the company.
The Board of Directors of Cedar Realty Trust approved a reverse split of the company's common stock at a ratio of 1-for-6.6., to be held on November 27, 2020 at 9:00 a.m. Eastern Time. The conversion will reduce the number of outstanding securities from approximately 89.3 million to 13.5 million. Quarterly dividends are also expected to be adjusted to reflect the new number of shares in the company. 
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