More on Gramercy Capital (GKK) Q4 earnings: Sale of CDO was closed with proceeds of $9.9M. In...

|About: Gramercy Property Trust,... (GPT)|By:, SA News Editor

More on Gramercy Capital (GKK) Q4 earnings: Sale of CDO was closed with proceeds of $9.9M. In connection with exit from commercial real estate finance, company will change name to Gramercy Property Trust (a lure to income investors?) and trade under symbol GPT, effective April 15. "As the new business strategy is implemented ... the Company will revaluate its dividend policy with the intention of resuming dividends to stockholders." Shares +0.7% premarket. (PR)