Articles from Retail Value Inc.

Retail Value Inc. (“RVI” or the “Company”) today announced that the Company’s Board of Directors authorized a liquidating distribution of $0.1435 per share payable on December 2, 2026 to the holders of common shares as of 5:00 p.m. Eastern Time on December 1, 2026. RVI does not expect to make any additional liquidating distributions in the future.

Retail Value Inc. announced the tax allocation of the 2024 distribution on its common shares.

Retail Value Inc. (“RVI” or the “Company”) today announced that the Company’s Board of Directors authorized a liquidating distribution of $0.11 per share payable on April 3, 2024 to the holders of common shares as of 5:00 p.m. Eastern Time on April 2, 2024. The distribution will be funded with cash on hand.

Retail Value Inc. announced the tax allocation of the 2023 distribution on its common shares.

Retail Value Inc. (“RVI” or the “Company”) today announced that the Company’s Board of Directors authorized a liquidating distribution of $0.17 per share to the holders of the Company’s common shares, payable on April 5, 2023 to the holders of common shares as of 5:00 p.m. Eastern Time on April 4, 2023. The distribution was funded with cash on hand, collections of accounts receivable and approximately $0.8 million previously held in reserve for potential claims by a purchaser under a property sale agreement which did not materialize prior to the expiration of the general survival period.

Retail Value Inc. announced the tax allocations of 2022 distributions on its common shares.

Retail Value Inc. (“RVI” or the “Company”) today announced that the Company’s Board of Directors declared a special cash distribution on the Company’s common shares of $0.31 per common share payable on October 26, 2022, to shareholders of record at the close of business on October 11, 2022. The distribution was funded with collections of accounts and notes receivable and approximately $1.5 million previously held in reserve for potential claims by purchasers under property sale agreements which did not materialize prior to the expiration of their general survival periods as well as with cash on hand. Based upon current year taxable income projections to date, approximately 1% - 2% of the total 2022 special distributions is expected to be considered a taxable dividend.

Retail Value Inc. (“RVI”) today filed its Quarterly Report on Form 10‑Q for the quarter ended June 30, 2022 with the Securities and Exchange Commission, which is also available on RVI’s website at www.retailvalueinc.com under the Investors Tab.

Retail Value Inc. (“RVI” or the “Company”) today announced that it has filed a certificate of dissolution with the Secretary of State of the State of Ohio. The filing is consistent with the Company’s originally stated strategy of realizing value through operations and sales of its properties and follows the sale of the Company’s last real estate investment in April 2022. Pursuant to the certificate of dissolution, the Company intends to pursue amounts owed to it by third parties, satisfy known and presented claims and take all other actions required to liquidate and wind-up its business and affairs.

Retail Value Inc. (“RVI” or the “Company”) today announced that the Company’s Board of Directors declared a special cash distribution on the Company’s common shares of $1.16 per common share payable on July 27, 2022, to shareholders of record at the close of business on July 12, 2022. The distribution was funded primarily with collections of accounts receivable and approximately $19.5 million previously held in reserve for potential claims by purchasers under property sale agreements which did not materialize prior to the expiration of their general survival periods. Based upon current year taxable income projections to date, approximately 1% - 2% of the total 2022 special distributions is expected to be considered a taxable dividend.

Retail Value Inc. (“RVI” or the “Company”) today announced operating results for the quarter ended March 31, 2022. The Company concurrently filed its Quarterly Report on Form 10‑Q for the quarter ended March 31, 2022 with the Securities and Exchange Commission which is also available on RVI’s website at www.retailvalueinc.com under the Investors Tab.

Retail Value Inc. (“RVI” or the “Company”) closed on the sale of Crossroads Center (Gulfport, Mississippi) for $38.5 million in cash prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI has completed the sale of all of its real estate holdings and no longer owns an interest in any real estate property.

Retail Value Inc. (“RVI” or the “Company”) today announced that it expects its common shares will begin trading in the OTC Pink Market under the ticker symbol “RVIC” at the commencement of trading on April 7, 2022. Prior to April 7, 2022, the Company’s common shares traded on the New York Stock Exchange under the ticker symbol “RVI”.

Retail Value Inc. (NYSE: RVI) today announced that the general due diligence period expired under an agreement to sell Crossroads Center located in Gulfport, Mississippi to a third-party purchaser for $38.5 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits and closing costs. Closing remains subject to customary conditions, including the receipt of tenant estoppels and the consent of the ground lessor to the assignment of the ground lease applicable to the shopping center, and is expected to occur by the end of April 2022.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter and year ended December 31, 2021.

On January 19, 2022, Retail Value Inc. (NYSE: RVI) announced the tax allocations of 2021 distributions on its common shares.

On December 15, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Willowbrook Plaza (Houston, Texas) for $37.1 million in cash prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns an interest in one property located in the continental U.S.

On December 6, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Green Ridge Square (Grand Rapids, Michigan) for $23.3 million in cash prior to closing costs, prorations and other closing adjustments. Net proceeds received at closing were approximately $22.3 million.

Retail Value Inc. (NYSE: RVI) today announced that the general due diligence period expired under an agreement to sell Willowbrook Plaza located in Houston, Texas to a third party purchaser for $37.1 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended September 30, 2021.

On November 2, 2021, Retail Value Inc. (NYSE: RVI) announced that the general due diligence period had expired under an agreement to sell Green Ridge Square located in Grand Rapids, Michigan to a third party purchaser for $23.3 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021.

October 8, 2021, Retail Value Inc. (NYSE: RVI) announced today that it intends to release its third quarter earnings on Wednesday, November 3, 2021, after the market close.

On October 1, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the previously announced portfolio of five continental U.S. properties for $264 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, the Company owns interests in three remaining properties in the continental U.S.

On August 27, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the Company’s 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8 properties located in the continental U.S.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended June 30, 2021.

On June 3, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Señorial Plaza (Rio Piedras, PR) for $20.4 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended March 31, 2021.

On April 21, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Uptown Solon (Solon, OH) for $10.1 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

On April 14, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Plaza Vega Baja (Baja, PR) for $4.5 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.

On April 13, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Noble Town Center (Jenkintown, PA) for $14.0 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

Retail Value Inc. (NYSE: RVI) announced today that it will release its first quarter earnings on Tuesday, May 4, 2021, after the market close.

On April 9, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Marketplace of Brown Deer (Brown Deer, WI) for $10.3 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.