UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On September 30, 2024, Curbline Properties Corp. (the “Company”) announced that, as a result of recent disposition activity by SITE Centers Corp. (“SITE Centers”), SITE Centers is expected to transfer to the Company unrestricted cash in the amount of $800 million upon consummation of the Company’s anticipated spin-off (the “Spin Off”) pursuant to the Separation and Distribution Agreement, by and among the Company, Curbline Properties LP and SITE Centers. Subject to the satisfaction or waiver of applicable conditions, the Spin Off is expected to occur on October 1, 2024.
Safe Harbor
The Company considers information in this Current Report that relates to expectations for future periods to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements, including, among other factors, the ability to complete the Spin Off on the currently anticipated timeline or at all and the amount of unrestricted cash ultimately to be transferred to the Company. The Company undertakes no obligation to revise these forward-looking statements to reflect events or circumstances that arise after the date of this Current Report.
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 thereunto duly authorized.
| Curbline Properties Corp. | ||||||||
| Date: September 30, 2024 | By: | /s/ Lesley H. Solomon | ||||||
| Name: | Lesley H. Solomon | |||||||
| Title: | Executive Vice President, General Counsel and Secretary | |||||||