Vivmark Residential calls all outstanding preferred shares for redemption on December 10, 2026
VMRK•Vivmark Residential will redeem all outstanding Series K preferred shares on December 10, 2026, for $50.806 per share. As of November 9, 343,100 shares were outstanding, with an aggregate liquidation preference of $17.16 million.
1. Redemption terms
Vivmark Residential will redeem all outstanding Series K Cumulative Redeemable Preferred Shares of Beneficial Interest on December 10, 2026, for $50.806 per share. The price comprises a $50 liquidation preference and $0.806 in accrued, unpaid dividends for October 1 through the redemption date. Dividends will stop accruing on that date, and holders will retain only the right to receive the redemption price without interest.
