DDR sets July 1 for spinoff date

|By:, SA News Editor

Retail Value (RVI) will have a portfolio of 49 assets, including 37 in the continental U.S. and all 12 of DDR's Puerto Rican assets.

The distribution date is set for on or about July 1. DDR owners will receive one RVI common share for each 10 shares of DDR they hold. Public trading in RVI is seen starting on a when-issued basis on June 25.

Previously: DDR spinning off non-core malls (Dec. 14, 2017)

Source: Press Release

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