Granite Point Mortgage Trust plans 1-for-10 reverse stock split effective Oct. 5
Bitget2026/09/23 20:30- Granite Point Mortgage Trust set a 1-for-10 reverse stock split, effective Oct. 5 at 5 p.m. ET.
- Common shares outstanding expected to drop to about 4,800,000 from about 48,200,000.
- NYSE trading continues under GPMT from Oct. 6, with new CUSIP 38741L404.
- Cash paid in lieu of fractional shares, based on the Oct. 5 NYSE closing price.
- Reverse split does not change the Oct. 15 dividend of USD 0.01 per pre-split share or the 7.00% Series A preferred.
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