Benzinga | Nov 16, 2020 04:17PM EST

Cedar Realty Trust Announces 1-for-6.6 Reverse Stock Split , Effective Nov. 27

PORT WASHINGTON, N.Y., Nov. 16, 2020 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE:CDR, the &quot, Company&quot, ))) announced that its Board of Directors approved a reverse stock split of the Company's outstanding shares of common stock at a ratio of 1-for-6.6. The reverse stock split is expected to take effect at about 9:00 a.m. Eastern time on November 27, 2020 (the "Effective Time").

Accordingly, at the Effective Time, every six and six-tenths issued and outstanding shares of common stock will be converted into one share of common stock. In addition, at the market open on November 27, 2020, the common stock will be assigned a new CUSIP number: 150602 605.