Core Viewpoint - Presidio Property Trust, Inc. has initiated a tender offer to purchase odd lots and up to 2,000,000 shares of its Series A Common Stock at a price of $0.68 per share, set to expire on May 5, 2025 [1][3]. Group 1: Tender Offer Details - The tender offer is for all odd lots plus up to 2,000,000 shares of Series A Common Stock at a price of $0.68 per share [1]. - The offer will not be contingent upon a minimum number of shares being tendered or any financing conditions, but will be subject to other conditions [3]. - The Board has authorized the offer, but no recommendations are made to security holders regarding whether to tender their shares [4]. Group 2: Offer Process and Instructions - Stockholders must follow specific instructions outlined in the "Offer to Purchase" and related documents filed with the SEC to tender their shares [2]. - The depositary and paying agent for the offer is Broadridge Corporate Issuer Solutions, LLC, which will also serve as the information agent [5]. - Offer documents will be mailed to registered holders around April 10, 2025, and beneficial holders will receive communications from their banks or brokers [5]. Group 3: Company Overview - Presidio is an internally managed real estate investment trust with holdings in model home properties leased to homebuilders, as well as office, industrial, and retail properties [7]. - The model homes are located in Arizona, Texas, and Florida, while the other properties are primarily in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [7].
Presidio Property Trust Commences a Tender Offer to Repurchase up to 2,000,000 shares, plus all odd lots, of its Series A Common Stock