DOWNERS GROVE -- InvenTrust Properties Corp. Wednesday said it has received authorization to list its common stock on the New York Stock Exchange. Trading is expected to commence on Oct. 12 under the ticker symbol "IVT."
InvenTrust is a retail real estate investment trust that owns, leases, redevelops, acquires and manages shopping centers, most anchored by grocery stores, primarily in Sun Belt states.
"We are pleased to announce InvenTrust has received approval to be listed on the NYSE. This is a significant achievement for the company. We believe the listing will bring InvenTrust exposure to a large and diverse group of investors, as well as provide liquidity in the most efficient manner for our current shareholders," said Daniel (DJ) Busch, president and chief executive officer.
With the start of trading on the NYSE, the company's common stock will cease trading on the Over-The-Counter ("OTC") markets. Existing shareholders of the company are not required to take any action in connection with the company's conversion to the NYSE, InvenTrust said.