Elme Communities announced a special liquidating distribution of $14.67 per share.
This distribution follows the completion of a 19-property portfolio sale and the repayment of all other indebtedness.
The Special Dividend will be paid on January 7, 2026, to shareholders of record on December 22, 2025.
Special Dividend Declared
$14.67 per share special liquidating distribution approved by the Board of Trustees.
Plan of Sale and Liquidation
Special Dividend is part of Elme's voluntary Plan of Sale and Liquidation.
NYSE Due Bills Notification
NYSE notifies Elme that its common shares will trade with 'due bills' during the Dividend Right Period.
Tax Consequences
Information on U.S. federal income tax consequences of the Special Dividend detailed in the Definitive Proxy.
- The completion of the 19-property portfolio sale and repayment of debts have enabled the distribution of the Special Dividend.
- Investors buying Elme's common shares during the Dividend Right Period are entitled to receive the Special Dividend.
Elme's announcement of the Special Dividend marks a significant milestone following the sale of its property portfolio and debt repayment, providing value to shareholders.