On January 15, 2015, Vornado Realty Trust (NYSE:VNO), (“Vornado”)
completed the separation of Urban Edge Properties (NYSE:UE), (“UE”) and
distributed one UE common share for every two Vornado common shares held
on January 7, 2015 (the “Record Date”).
Vornado has provided supplemental information on its website at www.vno.com
on IRS Form 8937 regarding how a Vornado common shareholder can allocate
their tax basis between Vornado common shares, which they owned prior to
the distribution, and UE common shares. Vornado common shareholders are
encouraged to consult their financial advisors and tax advisors
regarding the distribution and the applicability and effect of any U.S.
federal, state and foreign tax laws.
Vornado Realty Trust is a fully-integrated equity real estate investment
trust.
Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, risks associated with the timing of
and costs associated with property improvements, financing commitments
and general competitive factors.
Copyright Business Wire 2015