0000876661-23-000010.txt : 20230103
0000876661-23-000010.hdr.sgml : 20230103
20230103102812
ACCESSION NUMBER: 0000876661-23-000010
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20230103
DATE AS OF CHANGE: 20230103
EFFECTIVENESS DATE: 20230103
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
CENTRAL INDEX KEY: 0000077281
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 236216339
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06300
FILM NUMBER: 23500740
BUSINESS ADDRESS:
STREET 1: ONE COMMERCE SQUARE
STREET 2: 2005 MARKET STREET, SUITE 1000
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
BUSINESS PHONE: 2158750426
MAIL ADDRESS:
STREET 1: ONE COMMERCE SQUARE
STREET 2: 2005 MARKET STREET, SUITE 1000
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0000077281
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
001-06300
200 South Broad StreetThird Floor
Philadelphia
PA
PENNSYLVANIA
19102
(215) 875-0700
6.875% Series D Cumulative Redeemable Perpetual Preferred Shares (Liquidation Preference $25.00 per share)
17 CFR 240.12d2-2(b)
Nicolas Connolly
Analyst, Regulation
2023-01-03
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of 6.875% Series D Cumulative Redeemable Perpetual Preferred Shares (Liquidation Preference $25.00 per share) (the "Securities") of Pennsylvania Real Estate Investment Trust. (the "Company") from listing and registration on the Exchange on January 17, 2023, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the securities are no longer suitable for continued listing and trading on the NYSE.
The Exchange reached its decision to delist the Company's securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.
On December 15, 2022, the Exchange determined that the Securities of the Company should be suspended from trading and directed the preparation and filing with the Commission of this application for the removal of the securities from listing and registration on the NYSE. The Company was notified on December 15, 2022.
Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on December 15, 2022. Trading in the security was suspended after market close on December 15, 2022.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the "Committee") the determination to delist the secuirty provided it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.