Bellevue Capital Partners announced that it has increased the purchase price of its previously announced tender offer to purchase up to 125,000 shares of American Strategic Investment Co. common stock from the previous purchase price of $10.25 to an increased purchase price of $11.00 per share. The Tender Offer will close on July 5, 2024. Bellevue is making this offer at a 90% premium to the May 3, 2024 closing price because of its continued confidence in ASIC’s portfolio and underlying assets. Bellevue further believes in the previously announced expanded investment strategy that ASIC is pursuing and in the long-term value of ASIC’s common stock. The 90% premium to the May 3, 2024 closing stock price reflects Bellevue’s belief in the long-term performance of ASIC and its portfolio of assets.
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