BUZZ — SITE Centers jumps; announces special dividend, stock delisting

* Shares of SITE Centers Corp. up 16% at $3.50 after hitting a near four-month intraday high of $3.65, on track for biggest daily gain since Oct 1, 2024 * The open-air shopping center owner and manager late Thurs announced the sale of its interests in the Dividend Trust Portfolio joint venture for about $32.4 mln * SITE also announced special cash distribution of $3 per share, payable Nov 5 to shareholders of record on Oct 27 * NYSE has advised SITE that common shares will trade with “due bills” representing an assignment of the right to receive the special dividend from the record date of Oct 27 through close of trading on Nov 5 * SITE also announced that it anticipates the distribution will cause stock price and market cap to near levels that would trigger an involuntary de-listing from NYSE and as such it will voluntarily de-list, expected to take place prior to the start of trading on Dec 4 (Reporting by Chuck Mikolajczak) ((charles.mikolajczak@tr.com; @chuckmik.bsky.social)