Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Urban Edge (UE) Announces Completion of its Spin-Off from Vornado Realty Trust

Urban Edge Properties (UE) announced today that it has completed its separation from Vornado Realty Trust and is now an independent public company that will trade on the NYSE under the symbol “UE”. UE holds interests in 79 strip shopping centers, three malls and one warehouse park formerly owned by Vornado, encompassing more than 15 million square feet in ten states and Puerto Rico, with concentrations in New Jersey, New York and Pennsylvania.  Starting tomorrow, January 16, 2015, the “regular way” trading of UE common shares on the NYSE will commence under the symbol “UE”. Vornado common shares will continue to trade under the symbol “VNO” on the NYSE. Source

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