FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. 8K

First Real Estate Investment Trust of New Jersey, Inc. has approved, subject to stockholder approval, a voluntary liquidation plan to sell all assets and distribute estimated proceeds of $24.44–$30.03 per share to stockholders.

First Real Estate Investment Trust of New Jersey, Inc. announced that its Board of Directors has unanimously approved a plan of voluntary liquidation and dissolution under which the Trust will sell, convey, transfer or otherwise dispose of all of its assets and return the net proceeds to stockholders, subject to stockholder approval at a meeting expected in Fall 2026. The Trust currently estimates aggregate liquidating distributions in the range of approximately $24.44 to $30.03 per share, a significant premium to its $15.25 closing price on May 13, 2026, with asset sales targeted for completion within 24 months following stockholder adoption of the plan. Net proceeds will be distributed at the Board’s discretion after payment of liabilities, establishment of reserves, and transaction expenses, and Jones Lang LaSalle Securities, LLC is acting as financial advisor in connection with the plan, which remains subject to various execution, market, and approval risks to be detailed in a forthcoming proxy statement.

Filing Facts

CIK

36840

Ticker

-

Form

8K

Source Type

sec

Accession

0001174947-26-000600

Alert Tier

8