We want to notify you about an upcoming Realty Income Corp.’s (O.) spin-off scheduled for 15/11/2021. It will result in the establishment of Orion Office REIT as a new legal entity. This corporate event will impact only the physical stock since it is solely available for trading on JFD’s platforms.
JFD will not offer the quoting and trading of the newly established company. Hence, all clients who will be holding open positions on Realty Income Corp. when the market closes on 12/11/2021 will receive the cash equivalent of 1 share of the newly created entity at the ratio of 10:1. Thus for every ten stocks of the Realty Income company, they will receive the monetary equivalent of one share of Orion Office REIT.
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