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Dividend Capital Diversified details initial results of tender offer

Dividend Capital Diversified Property Fund Inc.'s self-tender offer for its unclassified common stock expired Dec. 9.

Based on the preliminary results of the offer, 7,681,921 shares were properly tendered and not withdrawn, which is roughly 6.4% of the company's issued and outstanding shares as of Dec. 13.

The company expects to accept those shares for purchase at $7.44 apiece, or roughly $57.2 million in the aggregate, excluding transaction-related fees and expenses.

Upon settlement of the offer, Dividend Capital Diversified will have about 112,336,704 shares outstanding, according to a filing.

DST Systems Inc. is the depositary, paying agent and information agent for the offer.