REGENCY AFFILIATES ANNOUNCES REPURCHASE OF 331,500 SHARES
REGENCY AFFILIATES INC (RAFI)
NASDAQ:AMEX Investor Relations:
regencyaffiliates.com/investors.html
Company Research
Source: PR Newswire
LARCHMONT, N.Y., Oct. 17, 2024 /PRNewswire/ -- Regency Affiliates, Inc. (OTC Pink: RAFI) today announced that on October 17, 2024, it acquired in a privately negotiated transaction with an unaffiliated shareholder 331,500 shares of Regency's outstanding common stock for a total purchase price of $1,740,375, or $5.25 per share. Regency intends to retire the repurchased shares in the near term.Laurence Levy, CEO of Regency commented "We are happy to announce the stock repurchase and believe it is accretive to the Company's remaining shareholders."About Regency Affiliates Regency Affiliates, Inc. invests in businesses that generate attractive, predictable and sustainable returns on capital. We are currently invested in two assets:A portfolio of five stand-alone self-storage facilities in the Harrisburg, Pennsylvania vicinity comprising approximately 337,000 square feet of net rentable space in excess of 2,500 climate and non-climate-controlled storage units; and A 50% limited partnership
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