InvenTrust Board to Delay Updating Estimated Value Per Share
March 18, 2020
On May 9, 2019, InvenTrust Properties Corp. (the “Company”) announced an estimated per share value of its common stock equal to $3.14 as of May 1, 2019, to assist broker dealers that sold the Company’s common stock in its initial and follow-on “best efforts” offerings to comply with the rules regarding account statement reporting published by the Financial Industry Regulatory Authority (“FINRA”).
Due to increased uncertainty related to the financial impact of COVID-19, the Audit Committee of the Company’s Board of Directors has determined that, at this time, the Company will not publish an estimated per share value of its common stock in May of 2020. The Company will continue to monitor and evaluate the situation and will update stockholders regarding its estimated per share value when it is better able to assess the financial impact of COVID-19 on its assets and business.
Source: SEC