{"id":1010853,"date":"2026-10-15T18:43:13","date_gmt":"2026-10-15T22:43:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\/"},"modified":"2026-10-15T18:43:13","modified_gmt":"2026-10-15T22:43:13","slug":"site-centers-announces-sale-of-dtp-interests-and-special-common-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\/","title":{"rendered":"SITE Centers Announces Sale of DTP Interests and Special Common Distribution"},"content":{"rendered":"

<\/p>\n

SITE Centers Announces Sale of DTP Interests and Special Common Distribution<\/b><\/p>\n

BEACHWOOD, Ohio–(BUSINESS WIRE<\/a>)–
\nSITE Centers Corp. (NYSE: SITC) today announced the sale of its interests in the Dividend Trust Portfolio joint venture for net proceeds of approximately $32.4 million.<\/p>\n

\nThe Company\u2019s Board of Directors also declared a special cash distribution on its common shares of $3.00 per common share payable on November 5, 2026 to shareholders of record at the close of business on October 27, 2026.<\/p>\n

\nBecause the payment of the special dividend represents more than 25% of the price of the Company\u2019s common shares, the New York Stock Exchange has advised the Company that its common shares will trade with \u201cdue bills\u201d representing an assignment of the right to receive the special dividend from the record date of October 27, 2026 through the closing of trading on NYSE on November 5, 2026, which is the payment date and the last day of trading before the November 6, 2026 ex-dividend date (this period of time representing the \u201cDividend Right Period\u201d).<\/p>\n

\nShareholders who sell their common shares during the Dividend Right Period will be selling their right to the special dividend, and such shareholders will not be entitled to receive the special dividend. Due bills obligate a seller of common shares to deliver the special dividend payable on such common shares to the buyer (the \u201cDividend Right\u201d). The record date of October 27, 2026 will be used as the date for establishing the due bill tracking of the Dividend Right to the holder of common shares.<\/p>\n

\nDue bill obligations are customarily settled between the brokers representing the buyers and the sellers of shares. The Company has no obligation for either the amount of the due bill or the processing of the due bill. Buyers and sellers of the Company\u2019s common shares should consult their brokers before trading to be sure they understand the effect of NYSE\u2019s due bill procedures.<\/p>\n

About SITE Centers Corp.
\n
<\/b>SITE Centers is a self-administered and self-managed REIT and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com<\/a>. To be included in the Company\u2019s e-mail distributions for press releases and other investor news, here<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261013492311\/en\/<\/a><\/span><\/p>\n

\nGerald Morgan, EVP and
\n
Chief Financial Officer
\n
216-755-5500<\/p>\n

KEYWORDS:<\/b> Ohio United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Construction & Property Building Systems REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SITE Centers Announces Sale of DTP Interests and Special Common Distribution BEACHWOOD, Ohio–(BUSINESS WIRE)– SITE Centers Corp. (NYSE: SITC) today announced the sale of its interests in the Dividend Trust Portfolio joint venture for net proceeds of approximately $32.4 million. The Company\u2019s Board of Directors also declared a special cash distribution on its common shares of $3.00 per common share payable on November 5, 2026 to shareholders of record at the close of business on October 27, 2026. Because the payment of the special dividend represents more than 25% of the price of the Company\u2019s common shares, the New York Stock Exchange has advised the Company that its common shares will trade with \u201cdue bills\u201d representing an assignment of the … <\/p>\n

Continue reading “SITE Centers Announces Sale of DTP Interests and Special Common Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1010853","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSITE Centers Announces Sale of DTP Interests and Special Common Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SITE Centers Announces Sale of DTP Interests and Special Common Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SITE Centers Announces Sale of DTP Interests and Special Common Distribution BEACHWOOD, Ohio–(BUSINESS WIRE)– SITE Centers Corp. 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Because the payment of the special dividend represents more than 25% of the price of the Company\u2019s common shares, the New York Stock Exchange has advised the Company that its common shares will trade with \u201cdue bills\u201d representing an assignment of the … Continue reading "SITE Centers Announces Sale of DTP Interests and Special Common Distribution"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-15T22:43:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20261013492311r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SITE Centers Announces Sale of DTP Interests and Special Common Distribution\",\"datePublished\":\"2026-10-15T22:43:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/\"},\"wordCount\":429,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20261013492311r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/site-centers-announces-sale-of-dtp-interests-and-special-common-distribution\\\/\",\"name\":\"SITE Centers Announces Sale of DTP Interests and Special Common Distribution - 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