Phillips Edison Weighs Shareholder Liquidity Options

March 26, 2021

Phillips Edison & Co. Inc. said its board and management are evaluating options to provide the grocery-anchored shopping center operator’s shareholders with liquidity.

Accordingly, the internally managed real estate investment trust suspended its dividend reinvestment plan, effective with the distribution payable April 1, and its share repurchase program.

The REIT said its shareholders will receive their full dividend of 2.833333 cents per share in cash.

Source: S&P Global Market Intelligence

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