Cedar Realty Trust Announces At-The-Market Common Stock Offering Program
PORT WASHINGTON, N.Y., Aug. 6, 2013 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today announced an "at-the-market" offering program under which it may from time to time sell up to an aggregate of 10 million shares of its common stock. The shares would be offered from time to time through BofA Merrill Lynch, KeyBanc Capital Markets and RBC Capital Markets, which will act as sales agents and/or principals. Sales of the shares, if any, will be made by means of ordinary brokers' transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In conjunction with this offering program, the Company filed today a prospectus supplement to the Company's prospectus dated May 2, 2012, filed as part of its effective registration statement.
The Company intends to use the net proceeds from the offering program for general working capital and other corporate purposes, including the repayment of outstanding indebtedness, the development or acquisition of additional properties and the redevelopment of existing properties.
The offering may be made only by means of a prospectus and related prospectus supplement. For more complete information about the offering, you are encouraged to read the prospectus, the prospectus supplement and other documents the Company has filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying prospectus relating to these securities are available on the SEC's website at www.sec.gov or may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by email to firstname.lastname@example.org; KeyBanc Capital Markets, 127 Public Square, 4th Floor, Cleveland, OH 44114, Attn: Prospectus Delivery Department, or by telephone at 1-800-859-1783; or RBC Capital Markets, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, or by telephone at 877-822-4089. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
About Cedar Realty Trust
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership and operation of primarily grocery-anchored shopping centers straddling the Washington D.C. to Boston corridor. The Company's portfolio (excluding properties treated as "held for sale") is comprised of 67 properties, with approximately 10 million square feet of GLA.
Statements made in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance and outcomes to differ materially from those expressed or implied in forward-looking statements. Please refer to the documents filed by Cedar Realty Trust, Inc. with the SEC, specifically the Company's Annual Report on Form 10-K for the year ended December 31, 2012, which identifies important risk factors that could cause actual results to differ from those contained in forward-looking statements.
SOURCE Cedar Realty Trust, Inc.
Released August 6, 2013