trending Market Intelligence /marketintelligence/en/news-insights/trending/z3bnesvkt_4bpfx3clwgeq2 content esgSubNav
In This List

Presidio Property Trust receives tender offer for 1.6 million shares

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Presidio Property Trust receives tender offer for 1.6 million shares

Presidio Property Trust received an offer for up to 1.6 million of its common shares at $2.60 per share from SCM Special Fund 3 LP, which is controlled by MacKenzie Capital Management LP.

If all the shares were tendered in the offer, SCM Special Fund would have to pay roughly $4.2 million to the relevant shareholders, and the fund would own 9.06% of the nontraded real estate investment trust's outstanding shares.

As of May 11 and March 20, the nontraded real estate investment trust had 3,033 holders of record owning 17,667,857 shares.

The offer expires at 11:59 p.m. PT on July 20, unless otherwise extended.