0001029800-13-000057.txt : 20131217 0001029800-13-000057.hdr.sgml : 20131217 20131217164626 ACCESSION NUMBER: 0001029800-13-000057 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131212 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131217 DATE AS OF CHANGE: 20131217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT BIDDLE PROPERTIES INC CENTRAL INDEX KEY: 0001029800 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042458042 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12803 FILM NUMBER: 131282499 BUSINESS ADDRESS: STREET 1: C/O URSTADT BIDDLE PROPERTIES INC. STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038638200 MAIL ADDRESS: STREET 1: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 8-K 1 form8krepurchprogram.htm REPURCHASE PROGRAM DEC 17, 2013  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
__________________

FORM 8-K
__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): December 12, 2013

Commission File Number 1-12803

URSTADT BIDDLE PROPERTIES INC.
(Exact Name of Registrant in its Charter)


MARYLAND
04-2458042
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification Number)
 
321 Railroad Avenue, Greenwich, CT
06830
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (203) 863-8200

N/A
(Former Name or Former address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01                          Other Events
On December 17, 2013 Urstadt Biddle Properties Inc. (the "Company") issued a press release announcing a share repurchase program of up to 2,000,000 shares in the aggregate, of the company's Common Stock, Class A Common Stock, Series D Cumulative Preferred Stock and Series F Cumulative Preferred Stock.  A copy of the press release is filed as Exhibit 99.1 to this report.
Item 9.01                          Financial Statements and Exhibits.
(a)
Not applicable
(b)
Not applicable
(c)
Not applicable.
(d)
The following exhibit is furnished as part of this report:
Press release dated December 17, 2013 is filed as Exhibit 99.1.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:   December 17, 2013
URSTADT BIDDLE PROPERTIES INC.
 
(Registrant)
 
 
 
 
 
/s/ John T. Hayes
 
John T. Hayes
 
Senior Vice President & Chief Financial Officer



EXHIBIT INDEX

Exhibit No.
99.1
Press Release dated December 17, 2013




 
EX-99.1 2 exhibit99_1.htm REPURCHASE PROGRAM PRESS RELEASE DEC 17, 2013  
EXHIBIT 99.1

For Immediate Release


Contact:                          Willing L. Biddle, CEO or
John T. Hayes, CFO
Urstadt Biddle Properties Inc.
(203) 863-8200


URSTADT BIDDLE PROPERTIES INC.
ANNOUNCES 2,000,000 SHARE REPURCHASE PROGRAM

GREENWICH, CONNECTICUT December 17, 2013 …Urstadt Biddle Properties Inc. (NYSE:  UBA and UBP) today announced a share repurchase program of up to 2,000,000 shares, in the aggregate, of the Company's Common Stock, Class A Common Stock, Series D Cumulative Preferred Stock and Series F Cumulative Preferred Stock.  The share repurchase program has been authorized by UBP's Board of Directors and represents less than 5% of the Company's total combined outstanding Common, Class A Common and Series D and Series F Preferred Shares.  This repurchase program replaces a prior repurchase program where the Board of Directors authorized the repurchase of up to 1,500,000 shares in the aggregate, of Common, Class A Common and Preferred shares.  Share repurchases may be made in the open market or in private transactions, and at times and in amounts that the Company deems appropriate.  The share repurchase program will be funded with available cash and may be discontinued at any time.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 63 properties containing approximately 4.7 million square feet of space.  Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 176 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 20 consecutive years.

Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among other things, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.


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