Bedford Property Investors Seeks Shareholder Approval for a Proposed Reverse Stock Split.LAFAYETTE, Calif.--(BUSINESS WIRE)--March 15, 1996--Bedford Property Investors, Inc. (NYSE NYSE See: New York Stock Exchange :BED) Board of Directors, as its March 15, 1996 meeting, indicated that they will seek shareholder approval for a 1-for-2 share reverse stock split at a special meeting of shareholders set for March 28. Shareholders of record as of Jan. 30 will vote on the reverse stock split. The reverse stock split seeks to better position the trading range Trading Range The spread between the high and low prices traded during a period of time. Notes: When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building. of the common stock. Following shareholder approval, the board will set the effective date. Bedford Property Investors is a self-administered equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) with investments in suburban office buildings and industrial properties concentrated in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . It is traded on the New York and Pacific Stock Exchanges under the symbol "BED." CONTACT: Bedford Property Investors, Inc. Peter B. Bedford / Donald A. Lorenz, 510/283-8910 |
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