American Realty Capital Properties, Inc. ARCP ("ARCP" or the "Company") announced today that it will transfer the listing of its common stock ("Common Stock"), par value $0.01 per share, and 6.70% Series F Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), par value $0.01 per share, from the NASDAQ Global Select Market ("NASDAQ") to the New York Stock Exchange ("NYSE"). The Company expects to begin trading on the NYSE on July 31, 2015. Until the opening of trading July 31, 2015, when the Company expects the Common Stock and Series F Preferred Stock will begin to trade on the NYSE under a new, soon-to-be announced corporate name and ticker symbols, each of the Common Stock and Series F Preferred Stock will continue to trade on the NASDAQ under the ticker symbols ARCP and ARCPP, respectively.
American Reality Capital Properties ("ARCP") is a leading, self-managed commercial real estate investment trust focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants.
"In line with the many changes that we have made recently at the corporate level to re-position the Company, we are excited to re-list under a new name and ticker symbol with the NYSE," said Glenn J. Rufrano, ARCP's Chief Executive Officer. "I look forward to sharing more news about these positive changes, our business plan and continued enhancements to our corporate governance on the upcoming second quarter earnings call."
Additionally, the Company announced that it expects to issue, jointly with its operating partnership, ARC Properties Operating Partnership, L.P. (the "OP"), its second quarter 2015 Quarterly Report on Form 10-Q on Thursday, August 6, 2015, and host an audio webcast on that same day at 1 p.m. Eastern Time to provide a business update and discuss financial results. The call will be conducted by Mr. Rufrano and Michael J. Sodo, ARCP's Chief Financial Officer.
The public can access the live audio webcast via the Company's Investor Relations website at: http://ir.americanrealtycapitalproperties.com/.
Participants should access the webcast 10-15 minutes early. A replay will be available via the Company's Investor Relations website approximately one hour after the completion of the webcast.
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