Retail Value Inc. Reports Second Quarter 2022 Operating Results

Rhea-AI Summary

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.

Positive

• None.

Negative

• Completed sale of all real estate holdings, indicating cessation of operations.
• Filed certificate of dissolution, marking the end of business activities.

BEACHWOOD, Ohio--(BUSINESS WIRE)-- Retail Value Inc. (“RVI”) today filed its Quarterly Report on Form 10‑Q for the quarter ended June 30, 2022 with the Securities and Exchange Commission, which is also available on RVI’s website at www.retailvalueinc.com under the Investors Tab.

About RVI

RVI is an independent publicly traded company whose common shares trade under the ticker symbol RVIC on the OTC Pink Market. The Company has completed the sale of all of its real estate holdings, has filed a certificate of dissolution with the Secretary of State of the State of Ohio and is in the process of winding up its business. RVI is managed by one or more subsidiaries of SITE Centers Corp. Additional information about RVI is available at www.retailvalueinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220729005011/en/

Christa Vesy, EVP and Chief Financial Officer

216-755-5500

Source: Retail Value Inc.

FAQ

What does the latest 10-Q filing for RVIC reveal?

The latest 10-Q filing details RVI's completion of real estate sales and its ongoing dissolution process.

Is Retail Value Inc. still operating?

No, Retail Value Inc. has completed the sale of all properties and is winding up its business.

What is the current status of RVIC?

RVIC is in the process of dissolving its business after selling all its real estate holdings.