PHOENIX, July 20, 2015 /PRNewswire/ -- American Realty Capital Properties, Inc. (NASDAQ: 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.
"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.
About the Company
ARCP is a leading, full-service real estate operating company with investment management capability. ARCP owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $20.3 billion including approximately 4,650 properties totaling 102 million square feet. Additionally, ARCP manages $6.1 billion of gross real estate investments on behalf of the Cole Capital® non-traded REITs. ARCP is a publicly traded Maryland corporation. Additional information about ARCP can be found on its website at www.arcpreit.com. ARCP may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.
Information set forth herein contains "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which reflect ARCP's expectations regarding future events. The forward-looking statements involve a number of assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements include, but are not limited to: ARCP's ability to transfer the listing of its Common Stock and Series F Preferred Stock to the NYSE and its ability to do so within the announced timeframe; ARCP's expectation that it will file its and the OP's second quarter 2015 Quarterly Report on Form 10-Q on the announced date; and ARCP's plans, market and other expectations, objectives, intentions and other statements that are not historical facts. Additional factors that may affect future results are contained in ARCP's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. ARCP disclaims any obligation to update and revise statements contained in these materials based on new information or otherwise.
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SOURCE American Realty Capital Properties, Inc.