NEW
YORK, July 16, 2024 /PRNewswire/ --
Bellevue Capital Partners, LLC ("Bellevue") announced today
the final results of its tender offer to purchase for cash up to
125,000 shares of American Strategic Investment Co. (NYSE: NYC)
("ASIC") common stock at a price of $11.00 per share (the "Tender Offer"), which
expired at 5:00 p.m., New York City time, on July 15, 2024.
Based on the final count by Computershare Trust Company, N.A.,
the depositary for the tender offer, 179,219 shares of
ASIC's common stock were properly tendered and not
properly withdrawn.
The tender offer was oversubscribed. Pursuant to the terms of
the offer, 125,000 shares of ASIC's common stock were
accepted for purchase on a pro rata basis, for an aggregate cost of
approximately $1,375,000, in cash,
less any fees, expenses or applicable withholding taxes relating to
the tender offer. The repurchased shares represent approximately
4.85% of ASIC's shares outstanding as of May 2, 2024.
Computershare Trust Company, N.A., the depositary for the tender
offer, will promptly issue payment for the shares of
ASIC common stock validly tendered and accepted for
purchase in the tender offer, and will return all other shares
tendered and not purchased in the tender offer.
About Bellevue Capital Partners, LLC
Bellevue is a leading, diversified investment, asset management
and operating platform and the sole member of AR Global
Investments, LLC, the parent company to the advisor and property
manager of ASIC.
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SOURCE Bellevue Capital Partners, LLC