Point 8.01. Other Events
2023 Share Buyback Program
good December 21, 2022Board of Directors Modiv Inc. (“Company”) gave permission to the Company, and thereafter January 1, 2023to buy again 15 million dollars (net of commissions and fees) shares of its Class C common stock (“Common Stock”) and/or 7.375% of its Series A Perpetual Preferred Stock (“Present Shares”) (the “2023 Repurchase Program”) pursuant to the 2023 Repurchase Program may be made through open purchases, privately negotiated transactions or other methods of acquiring shares permitted by applicable law, and the amount and timing of any redemptions will depend on a number of factors, including market conditions and corporate and regulatory rules. thoughts Repurchases under the 2023 Repurchase Program may also be made pursuant to a plan approved pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”). Repurchases under the 2023 Repurchase Program are subject to the covenants and other restrictions set forth in the credit agreement with the Company. KeyBank National Association and other lending institutions.
The 2023 Redemption Program will expire on December 31, 2023and may be suspended or discontinued at any time.
This report may contain forward-looking information and statements, as that term is defined under the Exchange Act, including information regarding the company’s purchases of its common stock and/or preferred stock. By their nature, forward-looking information and statements are subject to risks, uncertainties and contingencies, including changes in prices and volumes and the volatility of the Company’s common stock and preferred stock; adverse developments affecting the prices and trading of exchange-traded securities, or both; New York Stock Exchange; and unexpected or otherwise unplanned or alternative requirements with respect to the Company’s capital investments. The Company undertakes no obligation to update any forward-looking statements or information, including those contained in this report.
© Edgar Online, source The glances