Transcontinental Realty Investors, Inc Announces Number of Shares Received in Tender Offer Which Expired January 29, 2025
Transcontinental Realty Investors (NYSE: TCI) has announced the results of its tender offer for Income Opportunity Realty Investors (NYSE American: IOR) shares, which expired on January 29, 2025. The tender offer aimed to purchase up to 100,000 shares at $18 per share in cash.
A total of 21,128 shares were validly tendered and not withdrawn, with 12,751 shares from CEDE and 8,377 shares from holders of record. TCI has decided to purchase all tendered shares, waiving any minimum condition requirement. This acquisition will increase TCI's ownership in IOR by approximately 0.5196%.
Transcontinental Realty Investors (NYSE: TCI) ha annunciato i risultati della sua offerta di acquisto per le azioni di Income Opportunity Realty Investors (NYSE American: IOR), che è scaduta il 29 gennaio 2025. L'offerta di acquisto mirava a comprare fino a 100.000 azioni a 18 dollari per azione in contante.
Un totale di 21.128 azioni è stato validamente offerto e non ritirato, con 12.751 azioni da CEDE e 8.377 azioni da parte dei detentori registrati. TCI ha deciso di acquistare tutte le azioni offerte, rinunciando a qualsiasi requisito di condizione minima. Questa acquisizione aumenterà la proprietà di TCI in IOR di circa 0.5196%.
Transcontinental Realty Investors (NYSE: TCI) ha anunciado los resultados de su oferta de adquisición para las acciones de Income Opportunity Realty Investors (NYSE American: IOR), que expiró el 29 de enero de 2025. La oferta de adquisición tenía el objetivo de comprar hasta 100,000 acciones a 18 dólares por acción en efectivo.
Un total de 21,128 acciones fueron válidamente ofrecidas y no retiradas, con 12,751 acciones de CEDE y 8,377 acciones de los titulares registrados. TCI ha decidido comprar todas las acciones ofrecidas, renunciando a cualquier requisito de condición mínima. Esta adquisición aumentará la propiedad de TCI en IOR en aproximadamente 0.5196%.
Transcontinental Realty Investors (NYSE: TCI)는 Income Opportunity Realty Investors (NYSE American: IOR)의 주식에 대한 공개 매수 결과를 발표했습니다. 이 발표는 2025년 1월 29일에 만료되었습니다. 공개 매수는 주당 18달러에 최대 100,000주를 재구매하려는 것이었습니다.
총 21,128주가 유효하게 제출되었고 철회되지 않았으며, 이 중 12,751주는 CEDE에서, 8,377주는 기록된 소유자에게서 나왔습니다. TCI는 모든 제출된 주식을 구매하기로 결정하였으며, 최소 조건 요구 사항을 포기했습니다. 이러한 인수로 인해 TCI의 IOR 보유량은 약 0.5196% 증가할 것입니다.
Transcontinental Realty Investors (NYSE: TCI) a annoncé les résultats de son offre publique d'achat pour les actions de Income Opportunity Realty Investors (NYSE American: IOR), qui a expiré le 29 janvier 2025. L'offre visait à acquérir jusqu'à 100 000 actions à 18 dollars par action en espèces.
Un total de 21 128 actions ont été valablement soumises et non retirées, comprenant 12 751 actions provenant de CEDE et 8 377 actions de la part des actionnaires enregistrés. TCI a décidé d'acheter toutes les actions soumises, renonçant à toute exigence de condition minimale. Cette acquisition augmentera la participation de TCI dans IOR d'environ 0,5196%.
Transcontinental Realty Investors (NYSE: TCI) hat die Ergebnisse seines Übernahmeangebots für die Aktien von Income Opportunity Realty Investors (NYSE American: IOR) bekannt gegeben, das am 29. Januar 2025 abgelaufen ist. Das Übernahmeangebot hatte das Ziel, bis zu 100.000 Aktien zu einem Preis von 18 Dollar pro Aktie in bar zu kaufen.
Insgesamt wurden 21.128 Aktien gültig angeboten und nicht zurückgezogen, darunter 12.751 Aktien von CEDE und 8.377 Aktien von registrierten Aktionären. TCI hat beschlossen, alle angebotenen Aktien zu kaufen und auf jegliche Mindestbedingung zu verzichten. Diese Akquisition wird TCI's Eigentum an IOR um etwa 0.5196% erhöhen.
- Successfully completed tender offer for IOR shares
- Increases ownership stake in IOR by 0.5196%
- Low tender participation rate with only 21,128 shares tendered out of 100,000 target
Insights
The completion of TCI's tender offer for IOR shares, while modest in scale at
The incremental
For TCI shareholders, this transaction represents a relatively low-risk investment that enhances the company's influence over IOR while maintaining financial flexibility. The modest capital deployment suggests TCI is maintaining a conservative approach to cash management, which could be viewed positively given current market conditions and interest rate environment.
The split between CEDE-held shares (12,751) and record holder shares (8,377) provides insight into the shareholder base's composition and their differing views on the tender offer's value proposition. This information could be valuable for future strategic decisions regarding potential additional share accumulation or corporate actions.
Equiniti Trust Company, LLC, as the Depositary for the Offer, advised that of the Shares finally tendered, approximately 12,751 Shares are from CEDE and 8,377 Shares are from holders of record. TCI has determined to purchase all Shares tendered and waive any minimum condition requirement. Payment for Shares tendered is being made as promptly as possible by the Depositary. Purchase by TCI of the 21,128 Shares tendered will increase TCI’s ownership of Shares by approximately
About Transcontinental Realty Investors, Inc.
Transcontinental Realty Investors, Inc., a
About Income Opportunity Realty Investors, Inc.
Income Opportunity Realty Investors, Inc., a
Important Information about the Concluded Tender Offer
This press release is for informational purposes only and does not constitute an offer to purchase Shares of IOR common stock, a solicitation to sell such Shares or a solicitation/recommendation statement under the rules and regulations of the SEC. Documents related to the concluded Tender Offer may be obtained at no charge at the SEC’s website at www.sec.gov.
Cautionary Statements
Statements in this press release that are not historical, including statements regarding TCI’s beliefs, expectations, and strategies constitute “forward-looking statements” within the meaning of the federal securities laws. These statements are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Important factors that could cause the differences are discussed in TCI’s reports on Form 10-Q, 10-K and 8-K that TCI periodically files with the SEC. These factors include TCI’s revenue and expenses, TCI’s capital needs, TCI’s dependence on significant matters, risks that TCI may incur significant costs related to certain insurance retention levels. TCI does not undertake to update any forward-looking statements in this press release. Copies of TCI’s SEC filings, including its annual report on Form 10-K and quarterly reports on Form 10-Q may be obtained by contacting www.sec.gov or at the SEC Filing Section of TCI’s website at www.transconrealty-invest.com.
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Transcontinental Realty Investors, Inc.
Investor Relations
Erik Johnson (469) 522-4200
investorrelations@transconrealty-invest.com
Source: Transcontinental Realty Investors, Inc.
FAQ
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