NEWS
BELLEVUE CAPITAL PARTNERS, LLC ANNOUNCES FINAL RESULTS OF TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP.
Bellevue Capital Partners, has concluded its tender offer for shares of American Strategic Investment Co. (NYSE: NYC). The offer, which expired on July 15, 2024, sought to purchase up to 125,000 shares at $11.00 per share. The tender offer was oversubscribed, with 179,219 shares properly tendered. As a result, 125,000 shares (approximately 4.85% of ASIC's outstanding shares) were accepted for purchase on a pro rata basis, for a total cost of about $1,375,000 in cash. Computershare Trust Company, N.A., the depositary, will promptly issue payment for the accepted shares and return any shares not purchased in the offer.
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