In anticipation of its intended listing on the New York Stock Exchange, Griffin Realty Trust today announced it has changed its name to Peakstone Realty Trust (the “Company”), effective today. In addition, the Company is implementing a 1-for-9 reverse share split with respect to each class of its common shares, which will also be effective today. In the coming weeks, the Company will provide additional details on the intended listing by uploading additional information to the Company’s website at www.pkst.com and via public filings with the SEC.
Michael Escalante, Peakstone Realty Trust’s President and Chief Executive Officer, commented, “We are excited to move forward with our intended listing of the Company’s common shares on the New York Stock Exchange. We continue to believe this approach represents the best available path forward to accomplish our long-term goals of providing liquidity to shareholders and the opportunity to maximize value over time. The corporate name change and reverse share split are two of the many steps we are taking to best position the Company for a successful listing.”
Reverse Share Split
In the reverse share split, every nine shares of each class of the Company’s issued and outstanding common shares have been converted into one common share. The reverse share split does not impact any shareholders’ ownership percentage or voting power in the Company.
Update on Transition to Computershare as Transfer Agent
As previously announced, the Company transitioned to Computershare as transfer agent to the Company and its shareholders, effective March 8, 2023. For shareholders interested in signing up for online account access via Computershare’s Investor Center, please visit www.computershare.com/pkst and enter your information to complete the registration process. Please note that the reverse share split will be reflected in share counts on or around March 14, 2023. In addition, the Company reminds shareholders that they should expect to receive a welcome letter from Computershare during the week starting March 20, 2023, which will include each shareholder’s account number along with other relevant information.
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