New York REIT (NYRT) to Liquidate, Dissolve Company
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New York REIT Announces Plan of Liquidation and Dissolution
August 22, 2016 6:30 AM EDTNEW YORK, Aug. 22, 2016 /PRNewswire/ -- New York REIT, Inc. ("NYRT" or the "Company") (NYSE: NYRT) today announced that the Company's Board of Directors (the "Board") has determined, after considering other strategic alternatives available, that it is in the best interests of NYRT to adopt a plan of liquidation and dissolution that provides for the sale of the Company's assets and distribution of the net proceeds to the Company's stockholders, after which the Company will be dissolved. NYRT also announced that the Company has amended its current credit facility to... More
