This Slide: #69 of 91 |
Slide #69. American Realty Capital Trust III — American Realty Capital Properties
Acquirer:
American Realty Capital Trust III
Acquiree:
American Realty Capital Properties (ARCP)
Details:
American Realty Capital Trust III, Inc. ("ARCT III" or the "Company") and American Realty Capital Properties, Inc. ("ARCP") announced today that they intend to close their proposed merger in the first quarter of 2013, subject to stockholder approval. Upon the close of the proposed merger, ARCT III stockholders will receive an increase to their annualized dividend. Following a vote by stockholders at the special meeting scheduled for February 26th in favor of the merger, ARCT III stockholders who elect to receive common stock in ARCP will receive an increase of $0.20 per share to their current annualized distribution, reflecting an annualized rate of $0.86 per share, beginning with the March 2013 distribution. This represents a 30% distribution increase for ARCT III stockholders, who will become ARCP stockholders upon the closing of the merger assuming they elect to receive shares.
Open the ARCP Page at The Online Investor »
|
Open the ARCP Page at The Online Investor (in a new window) »
Free ARCP Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |