Earnings

New York REIT Liquidating LLC Announces Results for the Quarter Ended June 30, 2020 and Declaration of Distribution of $0.25 Per Unit

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NEW YORK, Aug. 07, 2020 (GLOBE NEWSWIRE) — New York REIT Liquidating LLC (the “Company” or the “LLC”), which was formed to complete the liquidation of the assets previously held by New York REIT, Inc., announced today it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020.  All per unit amounts have been restated to reflect the effect of the 1-for-10 reverse stock split which was completed on March 15, 2018.

Liquidation Status

Holders of membership interests in the Company are reminded that the conversion of New York REIT, Inc. to the LLC occurred on November 7, 2018.  As previously disclosed, membership interests in the LLC are generally not transferable except by will, intestate succession or operation of law. 

The Company has sold all its properties except for the remaining 50.1% interest in Worldwide Plaza.  The Company has no debt outstanding other than its pro-rata share of the non-recourse debt on Worldwide Plaza.  To date, the Company has paid…



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http://www.globenewswire.com/news-release/2020/08/07/2075210/0/en/New-York-REIT-Liquidating-LLC-Announces-Results-for-the-Quarter-Ended-June-30-2020-and-Declaration-of-Distribution-of-0-25-Per-Unit.html

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