HMG Courtland Properties Inc.

ASE:HMG   12:12:37 PM EDT
17.20
+0.95 (+5.85%)
Debt Financing / Related, Bankruptcy / Related

HMG Courtland Properties Inc Says Management Is Considering Revoking REIT Status Of Co Followed By Adoption Of Plan Of Liquidation Of Co

Published: 06/14/2021 22:05 GMT
HMG Courtland Properties Inc. (HMG) - Hmg Courtland Properties Inc - Management is Considering Revoking Reit Status of Co Followed by Adoption of Plan of Liquidation of Co.
Hmg Courtland Properties - Purpose of Revocation and Liquidation is to Liquidate Co's Operations/assets in an Orderly Manner.
Hmg Courtland Properties - If Ultimately Executed, Co Plans to Revoke Reit Status Effective Jan 1, 2022.
Hmg Courtland Properties - Co Also Plans to Undertake Liquidation Process Over a Multi-year Period.