06/03/2026 | Press release | Distributed by Public on 06/03/2026 09:08
Pursuant to the Amended and Restated Share Redemption Program (the "Program") of GTJ REIT, Inc. (the "Company"), on June 3, 2026, the Company redeemed 76,365 shares of the Company's common stock, $0.0001 par value per share ("Shares" and/or "Share"), at a redemption price of $26.19 per Share, for aggregate consideration of $1,999,999.35. The Company received redemption requests exceeding the Program's $2 million per year limit. As a result, the Company was unable to purchase all Shares presented for redemption. The Company honored the requests it received on a pro rata basis, subject to giving priority for redemptions upon death or disability in accordance with the policy on priority of redemptions set forth in the Program.
Redemptions under the Program are limited to an aggregate of $2 million during any calendar year. Because this limit has been met for the 2026 calendar year, the Company will not redeem any Shares during the next semi-annual period (June 1, 2026 to November 30, 2026). The Company will resume redemptions under the Program for the semi-annual period running from December 1, 2026 to May 31, 2027. Any unsatisfied portions of redemption requests received during the most recently completed semi-annual period will be treated as requests for redemption for the semi-annual period running from December 1, 2026 to May 31, 2027, unless such requests are withdrawn in accordance with the terms of the Program.