DDR Announces Name Change to SITE Centers
BEACHWOOD, Ohio--(BUSINESS WIRE)--Oct 9, 2018--DDR Corp. (NYSE: DDR) today announced plans to change its name to SITE Centers Corp. as well as a change to the ticker symbol for common and preferred stock on the New York Stock Exchange ticker to “SITC” from “DDR” effective with the opening of trading on October 12, 2018.
“Our new brand reflects our mission to drive sustainable growth by owning and investing in high quality communities and locations,” said David R. Lukes, President and Chief Executive Officer of SITE Centers. “We are focused on maximizing the value of our centers by utilizing our company’s creativity, vision and operating capabilities to generate compelling returns.”
Visitors to www.sitecenters.com may see and experience the new brand, and learn more about the Company.
SITE Centers will remain an Ohio corporation. No action is needed from current shareholders in relation to the name or ticker symbol change.
About SITE Centers
SITE Centers is an owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and will be publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.
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CONTACT: SITE Centers Corp.
Matthew Ostrower, 212-755-5500
EVP and Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: CONVENIENCE STORE OTHER CONSUMER REIT RETAIL SPECIALTY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY OTHER RETAIL CONSUMER
SOURCE: SITE Centers
Copyright Business Wire 2018.
PUB: 10/09/2018 10:00 AM/DISC: 10/09/2018 10:01 AM