Dividend Capital Diversified Property Fund Announces NAVs as of March 31, 2017
April 6, 2017 | by James Sprow | Blue Vault
The Company reported a $7.52 NAV per share as of March 31, 2017, for all share classes (Class E, Class A, Class W and Class I). The NAVs per share were down $0.03 from the February 28 NAVs of $7.55.
Earlier in March, the Company had received the final results of its tender offer, which expired on March 10, 2017. The Company accepted for purchase 5,686,446 Class E Shares properly tendered and not properly withdrawn prior to the expiration of the tender offer at a purchase price of $7.51 per Class E Share, for an aggregate cost of approximately $42.7 million, excluding fees and expenses relating to the tender offer.
The Class E Shares purchased in the tender offer represent approximately 5.1% of the Company’s issued and outstanding Class E Shares and 3.8% of the Company’s total issued and outstanding shares of common stock as of March 17, 2017. Following settlement of the tender offer, the Company has approximately 106,840,544 Class E Shares outstanding.
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