DENVER—Dividend Capital Diversified Property, a public reporting, daily NAV REIT is commencing a self-tender offer, to purchase for cash up to $115 million in value of shares of its unclassified, or class E, shares of common stock. It is a modified "Dutch Auction" tender.
In accordance with the terms of the offer and subject to its conditions, the price range will be specified by the tendering stockholders and will not be greater than $7.36, which equals the net asset value ("NAV") per Share determined in accordance with Dividend Capital Diversified's (DPF's) valuation procedures as of July 6, 2015, nor less than $6.65 per Share.
The purchase price is based on the prices at which class E stockholders choose to tender their shares. The purchase price will equal the price per share that enables DPF to purchase the maximum number of class E Shares having an aggregate purchase price not exceeding $115 million (or such lesser number if less than $115 million of shares are properly tendered in the offer and not properly withdrawn). As a result, the purchase price may be lower than the current or future NAV per share.
All of the class E shares purchased pursuant to the offer will be purchased for the same price. In accordance with rules promulgated by the Securities and Exchange Commission, DPF may increase the number of shares accepted for payment in the Offer by up to 2% of the outstanding shares without amending or extending the offer. This could result in the dollar value of the Offer increasing by up to approximately $23 million.
The offer will expire at 5:00 P.M., Central Time, on August 5, 2015, unless the offer is extended or withdrawn. Upon expiration, payment for the shares accepted for purchase under the offer will occur promptly in accordance with applicable law.

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Dividend Capital Diversified Making Self Tender Offer

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