David Sobelman, CEO of Generation Income Properties (GIPR), said, “In order to continue to evaluate the multitude of options for the future direction of the company, the independent board of directors recently formed of a committee to evaluate potential strategic alternatives for Generation Income Properties, and I want to provide additional context and clarity to this effort. This step is part of a thoughtful and deliberate process-not an indication of a predetermined outcome. Rather, it reflects the increased inbound interest we’ve received from a range of parties, some with proven credibility and others less so. Our goal is to ensure a comprehensive, disciplined review of all credible opportunities that may enhance shareholder value.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIPR:
- Generation Income Properties Inc trading halted, news pending
- RRT says proposes to acquire majority ownership of Generation Income Properties
- RRT urges Generation Income Properties board to engage in discussions
- Generation Income Properties reports FY24 AFFO per share 7c
- Generation Income Properties Reports 2024 Net Loss Amid Growth
