# SITE Centers Targets Dec. 4 NYSE Delisting After $3 Distribution By John Kim Canonical URL: https://www.tokenpost.com/news/business/33095 Published: 2026-10-16T06:44:44.000Z Updated: 2026-10-16T06:44:44.000Z Section: Business > The company expects the payout to bring its share price and market capitalization near levels that could prompt an involuntary delisting. SITE Centers Corp. plans to notify the New York Stock Exchange (NYSE) that it will voluntarily delist its shares, with the move expected to take effect before trading opens Dec. 4. The company expects a $3-per-share distribution to bring its share price and market capitalization near levels that could prompt an involuntary delisting. SITE Centers shares closed at $3.01 on Oct. 15 and traded at $3.60 at 8 p.m. ET (0000 UTC Oct. 16), up 19.6% from the close. The board set Nov. 5 as the payment date for shareholders of record at the close of business Oct. 27. The distribution follows the sale of SITE Centers’ interests in the Dividend Trust Portfolio joint venture, which generated about $32.4 million in net proceeds. More details on the [distribution and joint venture sale]() are available in earlier coverage. Shares will trade with due bills from Oct. 27 through the close of trading Nov. 5, so buyers during that period receive the distribution right. The ex-dividend date is Nov. 6. SITE Centers has not arranged a listing on another national exchange or a quotation venue. The company owns and manages open-air shopping centers and operates as a self-administered, self-managed real estate investment trust. ## Links in this article - [distribution and joint venture sale](https://www.tokenpost.com/news/business/33086)