Stratus Properties Board Declares $5/Share Initial Liquidating Distribution As Special Dividend; Board Approves To Voluntarily Delist Nasdaq
Stratus Properties Inc. (NASDAQ: STRS ) ("Stratus" or the "Company") today announced that, in connection with the Company’s plan of complete liquidation and dissolution (the "Plan of Liquidation"), its Board of Directors (the "Board") has declared an initial liquidating distribution, in the form of a special cash dividend, of $5.00 per share on Stratus’ common stock, payable on July 20, 2026 to stockholders of record as of July 13, 2026. The Board also has unanimously approved the voluntary delisting of the Company’s common stock from The Nasdaq Stock Market ("Nasdaq") and the subsequent voluntary deregistration of its common stock with the U.S. Securities and Exchange Commission ("SEC") in order to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
Stratus Properties Inc. (NASDAQ: STRS ) ("Stratus" or the "Company") today announced that, in connection with the Company’s plan of complete liquidation and dissolution (the "Plan of Liquidation"), its Board of Directors (the "Board") has declared an initial liquidating distribution, in the form of a special cash dividend, of $5.00 per share on Stratus’ common stock, payable on July 20, 2026 to stockholders of record as of July 13, 2026.
The Board also has unanimously approved the voluntary delisting of the Company’s common stock from The Nasdaq Stock Market ("Nasdaq") and the subsequent voluntary deregistration of its common stock with the U.S.
Securities and Exchange Commission ("SEC") in order to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act").