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NYSE to Suspend Trading Immediately in Pennsylvania Real Estate Investment Trust (PEI) and Commence Delisting Proceedings

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Press release content from Business Wire. The AP news staff was not involved in its creation.
December 15, 2022 GMT

NEW YORK--(BUSINESS WIRE)--Dec 15, 2022--

The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the four securities enumerated below (“Securities”) of Pennsylvania Real Estate Investment Trust (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately.

Symbol

Description

PEI

Shares of Beneficial Interest, par value $1.00 per share

PEI PRB

Series B Preferred Shares, par value $0.01 per share

PEI PRC

Series C Preferred Shares, par value $0.01 per share

PEI PRD

Series D Preferred Shares, par value $0.01 per share

NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.

The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221215006062/en/

CONTACT: Company Contact:

Investor Relations

Heather Crowell

heather@gregoryfca.com

preit@gregoryfca.com NYSE Contact:

NYSE Communications

PublicRelations-NYSE@ice.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: NYSE Regulation

Copyright Business Wire 2022.

PUB: 12/15/2022 04:29 PM/DISC: 12/15/2022 04:29 PM

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