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Provider: Pechala's Reports
Provider: Pechala's Reports

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Alexander's Inc Completes Sale Of Kings Plaza Mall To Macerich Co; Declares Special Long-Term Capital Gain Dividend

Friday, 30 Nov 2012 07:52pm EST 

Alexander's Inc announced that it has completed the previously announced sale of the Kings Plaza Mall, Brooklyn, New York to The Macerich Company, for $751 million. Net proceeds from the sale were approximately $479 million after repaying the existing loan and closing costs. Alexander's Board of Directors has declared a special long-term capital gain dividend of $624 million, or $122.00 per share payable on December 20, 2012 to stockholders of record on December 10, 2012. The ex-dividend date is expected to be December 21, 2012. Accordingly, stockholders who sell their shares on or before December 20, 2012 will not be entitled to receive the Special Dividend. 

Company Quote

0.77 +0.20%
15 Sep 2014