Griffin Realty Trust Suspends Quarterly NAV and DRP
October 1, 2021 | James Sprow
On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its quarterly publishing of net asset value per share of common stock. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. The REIT intends to resume publishing a quarterly net asset value per share of common stock at such time as the Board of Directors determines is appropriate and no later than one year from its most recent net asset value publication. The REIT also announced that, in light of the foregoing, it also is suspending its distribution reinvestment plan (the “DRP”), effective upon the ten days’ notice required to be provided to participants under the terms of the DRP, and will suspend its share redemption program beginning with the next cycle commencing fourth quarter 2021. Pursuant to the notice requirements under the DRP, the current monthly distribution with respect to September 2021 is expected to be paid on or about October 11.
