Vornado's 32.4% affiliate Alexander's completes sale VORNADO REALTY TRUST (VNO) announced that its 32.4% affiliate, Alexander’s completed the previously announced sale of the Kings Plaza Mall, Brooklyn, New York for $751M. Vornado’s share of the financial statement gain is approximately $180M. Vornado will receive a special long-term capital gain dividend from Alexander’s of approximately $202M from the sale. In turn, Vornado’s Board of Trustees has declared a special long-term capital gain dividend of $1.00 per Vornado share payable on December 21 to shareholders of record on December 10.
News For VNO From The Last 14 Days
Check below for free stories on VNO the last two weeks.