- Following last week's $47.4M private placement of common shares (expected to close today), Gramercy Property Trust (GPT) announces its intention to resume payments on its preferred stock beginning with the dividend due in Q4.
- The company has identified a $130M pipeline of investment opportunities, and says the capital raise will help with executing these acquisitions, and allowing dividend-paying ability in 2014
- A conference call and presentation is scheduled for 4:30 ET.
- Press release.
- Friday evening: Gramercy raises $47.4M.
at MarketWatch.com (Nov 19, 2013)