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Dividend Capital Diversified kicks off cash self-tender offer

Dividend CapitalDiversified Property Fund Inc. launched a cash self-tender offer tobuy up to 4,103,967 shares of its unclassified common stock, also referred to asclass E shares.

The purchase price, net to the seller in cash, less any applicablewithholding taxes and without interest, is set at $7.31 per share, or roughly $30million. The offer will expire at 5 p.m. CT on June 14.

Without amending or extending the offer, the company may raisethe number of shares accepted for payment in the offer by up to, but not more than,2% of its total outstanding shares, which equates to an increase in the number ofshares accepted by up to about 2.7 million, according to a tender offer statement.