DENVER--(BUSINESS WIRE)--DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, announced today the completion of its previously announced 1-for-4 reverse stock split of its common stock. Every four issued and outstanding shares of common stock have been converted into one share of common stock, effective prior to the opening of trading of the Company’s common stock on November 18, 2014. As previously announced, stockholders received cash in lieu of fractional shares. In addition, the common stock has been assigned a new CUSIP number: 233153 204.
Concurrently with the reverse stock split, the Company’s operating partnership subsidiary, DCT Industrial Operating Partnership LP, effected a corresponding 1-for-4 reverse split of its outstanding units of limited partnership interest. Fractional units were not redeemed in connection with this reverse unit split.
About DCT Industrial Trust®
DCT Industrial Trust is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. As of September 30, 2014, the Company owned interests in approximately 74.3 million square feet of properties leased to approximately 900 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB- from Standard & Poor’s Rating Services.
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