RVIC - RVIC STOCK NEWS

Retail Value Inc. (RVIC) has announced the tax allocations for distributions on its common shares for 2022. Shareholders should refer to Form 1099-DIV, which outlines the distribution allocation necessary for their federal income tax returns. Importantly, the January 18, 2022 distribution is accounted for in 2021's taxes. The company has completed the sale of all its real estate holdings and is winding down operations. The announcement highlights the per-share amounts for ordinary dividends and total distributions, with a key figure being $3.544284 for total distributions. More details can be found on the company's website.

Retail Value Inc. (RVIC) has announced a special cash distribution of $0.31 per common share, payable on October 26, 2022, to shareholders of record as of October 11, 2022. The distribution will be funded through collections of accounts receivable and approximately $1.5 million previously reserved for potential claims. About 1% - 2% of the total distribution is estimated to be a taxable dividend. The ex-dividend date is anticipated to be October 27, 2022.

Retail Value Inc. (RVIC) has filed its Quarterly Report on Form 10-Q for the period ending June 30, 2022, available on the company's website. RVI has finalized the sale of all its real estate assets and is currently undergoing the dissolution process in the State of Ohio. The company is winding up its business operations, managed by subsidiaries of SITE Centers Corp. Investors can access further details through the company’s investor information portal.

Retail Value Inc. (RVIC) has filed a certificate of dissolution in Ohio, marking the end of its operations following the sale of its last real estate investment in April 2022. The Company intends to settle outstanding claims and pursue amounts owed by third parties as it winds down.

Future cash distributions to shareholders are expected but are uncertain in both amount and timing, depending on resolved claims and expenses. RVI's strategy focuses on realizing value through asset liquidation, and it is managed by SITE Centers Corp.

Retail Value Inc. (RVIC) announced a special cash distribution of $1.16 per share, payable on July 27, 2022, to shareholders of record as of July 12, 2022. This distribution is primarily funded by collections of accounts receivable and $19.5 million reserved for non-materialized claims. Approximately 1% - 2% of the total distributions may be taxable. The ex-dividend date is expected to be July 28, 2022, as determined by FINRA.

Retail Value Inc. (RVIC) reported a net income of $1.5 million for Q1 2022, down from $3.2 million year-over-year. This decrease is attributed to a prior sale of real estate assets. The company sold its final real estate investment for $38.5 million, concluding its real property activities. RVIC declared a special cash dividend of $2.13 per share, totaling $45 million, payable on May 10, 2022. Additionally, in January 2022, the company paid a special dividend of $3.27 per share.

Retail Value Inc. has successfully sold its final asset, Crossroads Center in Gulfport, Mississippi, for $38.5 million prior to closing costs. The net proceeds of approximately $37.2 million will be used for a special cash distribution of $2.13 per common share, payable on May 10, 2022. Shareholders of record by April 25, 2022 will be eligible for this distribution. Following this sale, RVI has no remaining real estate holdings and is winding up its business operations.

Retail Value Inc. (NYSE:RVI) announced that its common shares will begin trading on the OTC Pink Market under the new ticker symbol 'RVIC' starting April 7, 2022. Previously, the shares traded on the New York Stock Exchange. RVI owns one property in the continental U.S., currently under contract for sale, and is managed by subsidiaries of SITE Centers Corp. The company aims to enhance value through operations and asset sales.