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Spirit Realty CEO Jackson Hsieh

DALLAS–The launch date for Spirit Realty Capital’s spinoff of its assets leased to Shopko Retail Shops Holding Corp. has been set by the Board of Directors.  The distribution of common stock of Spirit MTA REIT will happen on or about May 31. On the next trading day, June 1, Spirit Realty Capital’s shares of common stock will continue to trade on the NYSE under the ticker symbol “SRC,” and Spirit MTA REIT’s common stock will begin trading on the NYSE under the ticker symbol “SMTA.”

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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