BEACHWOOD, Ohio, June 30, 2022 - Retail Value Inc. (“RVI” or the “Company”) today announced that it has filed a certificate of dissolution with the Secretary of State of the State of Ohio. The filing is consistent with the Company’s originally stated strategy of realizing value through operations and sales of its properties and follows the sale of the Company’s last real estate investment in April 2022. Pursuant to the certificate of dissolution, the Company intends to pursue amounts owed to it by third parties, satisfy known and presented claims and take all other actions required to liquidate and wind-up its business and affairs.
In addition to the special distribution announced on June 29, 2022, and subject to uncertainties inherent in winding up its business, the Company expects to make one or more small cash distributions to shareholders in the future as expenses and any claims against the Company are satisfied, resolved or fail to materialize. The Company is unable to provide any assurances with respect to the amounts of any such distributions or the timing thereof.
About RVI
RVI is an independent publicly traded company whose common shares trade under the ticker symbol RVIC on the OTC Pink Market. The Company has completed the sale of all of its real estate holdings and is in the process of winding up its business. RVI is managed by one or more subsidiaries of SITE Centers Corp. Additional information about RVI is available at www.retailvalueinc.com.
Last updated: 2024-05-05 - v1.3