Odd Lot Index

GTJ REIT, INC.

Not traded — nothing to buy

Read automatically from the filing
The filing says these shares are not traded on any market. The odd-lot term may be real, but there is no way to buy the shares, so there is no trade here.
StatusClosed
Closing date2020-03-18
How it is pricedPriced at net asset value
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

expiry = 2020-03-18...st Hempstead, New York 11552 Offer to Purchase Up to $5 Million of Shares of Common Stock, or 425,531 Shares, at a Purchase Price of $11.75 per Share The Offer, proration period and withdrawal rights will expire at 12:00 Midnight, New York City Time, on March 18, 2020, unless the Offer is extended or withdrawn. Dear Stockholder: GTJ REIT, Inc. (the “Company” or “GTJ”), a real estate investment trust for U.S. federal income tax purposes (a “REIT”), is offering to acquire up to $5 Million of shares of the...
mechanism = NAV...ditions and limitations set forth in the SRP. The following is a summary of terms and provisions of the SRP: • the Company will redeem the Shares on a semi-annual basis (each redemption period ending on May 31st and November 30th of each year), at a specified price per share (which price will be equal to 90% of its net asset value per share for the most recently completed calendar year, subject to adjustment) up to a yearly maximum of $1.0 million in Shares, subject to sufficient funds being available. • the SRP will be open to all stockholders (other than current directors, officers and employees, subject to certain exceptions), indefinitely with no specific end date (alth...
must_tender_all = True...olders. The positive impact may result in better overall total stockholder returns for remaining stockholders. • Purchases of Shares pursuant to the Offer will increase the proportionate interest of stockholders that do not tender their Shares. • Stockholders who tender all of their Shares will give up the opportunity to participate in any potential future benefits from owning Shares, including the right to receive any future dividends or distributions that the Company may pay. May you amend or terminate the Offer? Yes, we may amend or terminate the Offer in our sole discretion. The Offer is not conditioned upon the tender...
price = USD 11.75...ffer to Purchase GTJ REIT, Inc. 60 Hempstead Avenue, Suite 718 West Hempstead, New York 11552 Offer to Purchase Up to $5 Million of Shares of Common Stock, or 425,531 Shares, at a Purchase Price of $11.75 per Share The Offer, proration period and withdrawal rights will expire at 12:00 Midnight, New York City Time, on March 18, 2020, unless the Offer is extended or withdrawn. Dear Stockholder: GTJ REIT, Inc. (the “Company” or “GTJ”...
priority = True...e Offer by up to, but not more than, 2% of the outstanding Shares without amending or extending the Offer. Properly tendering Shares assures you that at least a portion of your Shares will be purchased so long as we purchase Shares under the Offer (subject to provisions relating to “odd lot” priority and proration described in This Offer — Section 3). The Company will announce the preliminary results of the Offer through an amendment to the Schedule TO, including the expected proration factor, and pay the Purchase Price in cash, less any applicable withholding taxes and without interest, for the Shares accepted for payment promptly a...
threshold = 100...urchase and, therefore, may be relevant to a stockholder’s decision whether to tender Shares. Each stockholder should consult with their tax advisor to evaluate the tax consequences of tendering or selling Shares in the Offer. See This Offer — Section 6. If I own fewer than 100 Shares and I tender all of my Shares, will I be subject to proration? If you own beneficially or of record fewer than 100 Shares in the aggregate, you will not be subject to proration if (1) you properly tender all of these Shares, (2) you do not properly withdraw them before the Expiration Date, and (3) you complete the Letter of Transmittal i...
txn_type = TENDER_OFFEREX-99 2 ck0001368757-ex99a1i_9.htm EX-99.(A)(1)(I) ck0001368757-ex99a1i_9.htm Exhibit (a)(1)(i) Offer to Purchase GTJ REIT, Inc. 60 Hempstead Avenue, Suite 718 West Hempstead, New York 11552 Offer to Purchase Up to $5 Million of Shares of Common Stock, or 425,531 Shares, at a Purchase Price of $11.75 per Share The Offer, proration period and withdrawal rights will expire at 12:00 Midnight, New York City Time, on March 18, 2020, unless the Offer is e...
untradeable = True...es properly tendered and not properly withdrawn will be eligible to be purchased. Shares tendered but not purchased pursuant to the Offer will be returned promptly following the Expiration Date. The Shares are not listed on a national securities exchange, and there is no established trading market for the Shares. Thus, there are no historical trading prices for the Shares. On March 20, 2019, the board of directors, including all of the board’s independent directors, unanimously approved an estimated net asset value per share (the “NAV per Share”) of $15.09 based on the estimated value of the Company’s assets less the estimated value of the Compa...

The filings

FiledFormRoleOn EDGAR
2020-02-13SC TO-Ioriginal (governing)View