Dividend Capital Diversified Property Fund Inc. Announces Tender Offer for Class E Shares

February 10, 2017


Dividend Capital Diversified Property Fund Inc. Announces Tender Offer for Class E Shares

February 10, 2017 | by James Sprow | Blue Vault

equity investment

Dividend Capital Diversified Property Fund Inc. is offering to purchase up to 5,326,231 shares of the Company’s unclassified common stock, also referred to as “Class E” shares, for cash at a purchase price equal to $7.51 per share, or approximately $40 million. Unless extended or withdrawn, the offer, proration period and withdrawal rights will expire at 5:00 p.m. Central Time, on Friday, March 10, 2017 Shareholders may tender all or a portion or none of their shares. The most recently determined NAV per share on the last business day prior to the date of the tender offer was $7.55 per share.

The purchase price is currently lower than the net asset value (“NAV”) per share determined in accordance with its valuation procedures and may be lower than the future NAV per share. On each business day, the NAV per Class E Share is (1) posted on the Company’s website, www.dividendcapitaldiversified.com, and (2) made available on its toll-free, automated telephone line, (888) 310-9352.

The tender offer is designed to provide limited liquidity to holders of shares, for which there is no current public market. The board of directors evaluates each quarter whether to make liquidity available to Class E stockholders through the Class E share redemption program or through a tender offer process.

The full details of the tender offer including procedures for tendering shares and the implications for the remaining shareholders are presented in a filing on the SEC website at: https://www.sec.gov/Archives/edgar/data/1327978/000132797817000016/a021017offertopurchase.htm


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