PHOENIX, July 31, 2015 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced that it will officially begin trading on the New York Stock Exchange ("NYSE") effective today. The Company's 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, will now trade under the VEREIT name and ticker symbols VER and VER PRF, respectively, on the NYSE.
"Our Company is moving forward with a new name, and now a new stock market listing that puts us alongside many of our key peers," said Glenn J. Rufrano, VEREIT's Chief Executive Officer. "The NYSE is where we belong. We believe this listing will provide enhanced market exposure and support of our full service real estate operating and investment management business. Overall, we continue to take positive steps as we establish a new foundation for our future."
"We're proud to welcome VEREIT to the NYSE's family of leading companies," said John Merrell, Vice President and Co-Head of Listings for the NYSE. "We look forward to supporting VEREIT's continued growth and providing the unique benefits of our market, brand and community to the Company and its shareholders."
VEREIT will host its second quarter 2015 earnings call on August 6, 2015 at 1 p.m. ET. At that time, Mr. Rufrano and Michael J. Sodo, the Company's Chief Financial Officer, will discuss the Company's financial results and business plan.
About the Company
VEREIT is a leading, full-service real estate operating company with investment management capability. VEREIT 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, VEREIT manages $6.1 billion of gross real estate investments on behalf of the Cole Capital® non-traded REITs. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. Additional information about VEREIT can be found on its website at www.VEREIT.com. VEREIT 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 VEREIT'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: VEREIT's ability to realize success from the transfer of the listing of its Common Stock and Series F Preferred Stock to the NYSE; and VEREIT'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 VEREIT's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. VEREIT disclaims any obligation to update and revise statements contained in these materials based on new information or otherwise.
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SOURCE VEREIT, Inc.