Belpointe OZ Regains Compliance with NYSE American Listing Standards Following Successful Completion of Annual Meeting

Rhea-AI Summary

Belpointe PREP (NYSE American: OZ), the first and only publicly traded Qualified Opportunity Fund, has announced regaining compliance with NYSE American listing standards following its 2024 Annual Meeting of Unitholders held on January 28, 2025. The company had previously faced non-compliance issues due to rescheduling the annual meeting to 2025.

CEO Brandon Lacoff expressed gratitude to unitholders for their patience during the resolution process. The company maintains its focus on executing its investment strategy through high-quality real estate investments in Opportunity Zones nationwide. Belpointe OZ continues to leverage its unique public structure, offering investors liquidity and transparency in Opportunity Zone investments, particularly in prime residential and mixed-use developments in high-growth markets.

Positive

• Regained NYSE American listing compliance
• Maintains status as only publicly traded Qualified Opportunity Fund
• Active investment portfolio in prime residential and mixed-use developments

Negative

• Previously faced NYSE American listing compliance issues

Insights

Financial Compliance Analyst

The resolution of NYSE American listing compliance represents a critical milestone for Belpointe OZ, removing a significant regulatory overhang that could have impacted investor confidence and market accessibility. As the only publicly-traded Qualified Opportunity Fund, maintaining exchange listing is fundamental to their business model and competitive advantage.

The successful compliance restoration carries several key implications for investors:

• Ensures continued access to public market liquidity, a unique advantage over traditional private Opportunity Zone funds
• Maintains institutional investment eligibility, as many funds have mandates requiring investments in listed securities
• Preserves transparency requirements and reporting standards that distinguish Belpointe from private competitors
• Supports potential inclusion in relevant ETFs and indexes that require exchange listing compliance

While the temporary non-compliance was procedural in nature, stemming from meeting timing rather than operational issues, the swift resolution demonstrates management's commitment to maintaining high governance standards. This is particularly important in the Opportunity Zone space, where transparency and regulatory compliance are important differentiators for investors seeking exposure to tax-advantaged real estate investments.

GREENWICH, Conn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) the first and only Qualified Opportunity Fund listed on a national securities exchange, today announced that we have received notice from NYSE American LLC (“NYSE American”) that we have regained compliance with the continued listing standards following the successful completion of our 2024 Annual Meeting of Unitholders on January 28, 2025.

The Company was originally notified by NYSE American of non-compliance with the continued listing standards as a result of rescheduling our 2024 Annual Meeting in 2025. With the meeting now complete, Belpointe OZ has fulfilled its obligations, and we have been formally notified that we have regained compliance with all applicable listing requirements.

“We appreciate the patience and support of our unitholders as we worked to resolve this matter,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ. “With compliance restored, we remain focused on executing our investment strategy and creating long-term value for our unitholders through high-quality real estate investments in Opportunity Zones across the country.”

Belpointe OZ continues to leverage its publicly traded structure, providing investors with liquidity, transparency, and access to Opportunity Zone investments without the typical constraints of private funds. The Company has actively invested in prime residential and mixed-use developments in high-growth markets, reinforcing its position as a leader in the Opportunity Zone space.

About Belpointe OZ

Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has over 2,500 units in its development pipeline throughout four cities, representing an approximate total project cost of over $1.3 billion.

Belpointe OZ has filed two registration statements (including a combined prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to an aggregate of $1,500,000,000 of Class A units representing limited liability interests in Belpointe OZ (the “Class A units”). Before you invest, you should read Belpointe OZ’s most recent prospectus and the other documents that it has filed with the SEC for more complete information about Belpointe OZ and the offering. Investing in Belpointe OZ’s Class A units involves a high degree of risk, including a complete loss of investment. Prior to making an investment decision, you should carefully consider Belpointe OZ’s investment objectives and strategy, risk factors, fees and expenses and any tax consequences that may results from an investment in Belpointe OZ’s Class A units. To view Belpointe OZ’s most recent prospectus containing this and other important information visit sec.gov or investors.belpointeoz.com. Alternatively, you may request Belpointe OZ send you the prospectus by calling (203) 883-1944 or emailing IR@belpointeoz.com. Read the prospectus in its entirety before making an investment decision.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections, and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties, and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.

Investor Relations and Media Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
IR@belpointeoz.com
203-883-1944

FAQ

When did Belpointe OZ (OZ) regain NYSE American listing compliance?

Belpointe OZ regained NYSE American listing compliance following its Annual Meeting of Unitholders on January 28, 2025.

Why was Belpointe OZ (OZ) previously non-compliant with NYSE American standards?

Belpointe OZ was non-compliant due to rescheduling their 2024 Annual Meeting to 2025.

What type of investments does Belpointe OZ (OZ) focus on?

Belpointe OZ focuses on high-quality real estate investments in Opportunity Zones, particularly prime residential and mixed-use developments in high-growth markets.

What makes Belpointe OZ (OZ) unique in the Opportunity Zone investment space?

Belpointe OZ is the first and only Qualified Opportunity Fund listed on a national securities exchange, offering investors liquidity and transparency not typically available in private funds.