CLEVELAND—Forest City Enterprises said Tuesday afternoon that its shareholders approved all of the proposals related to the company’s planned REIT conversion. Upon completion of the conversion, effective this coming Jan. 1, Forest City Realty Trust will continue to trade on the New York Stock Exchange under the symbols FCEA and FCEB.

Company chairman Charles A. Ratner calls the vote at a special meeting of shareholders “an important moment in Forest City’s history and a major milestone in our ongoing transformation. In more than 90 years since our founding, including 55 years as a publicly traded company, Forest City has constantly evolved and reinvented itself.” Tuesday’s shareholder vote, he adds, “marks another exciting chapter in that story.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.