InvenTrust seeks to sell shares on New York Stock Exchange

DOWNERS GROVE - InvenTrust Properties Corp. said its board and management will pursue a listing on the New York Stock Exchange in order to provide liquidity to its shareholders.

The listing is subject to, among other things, the company meeting the NYSE listing requirements and receiving NYSE listing authorization as well as market conditions and changes, InvenTrust said.

The company intends to list its common stock on the New York Stock Exchange under the ticker symbol "IVT."

InvenTrust is a real estate investment trust that owns, leases, redevelops, acquires and manages grocery store-anchored shopping centers, primarily in the Sun Belt.

"We believe InvenTrust's portfolio of premier Sun Belt, grocery-anchored assets coupled with our flexible capital structure presents a unique investment opportunity within the traded strip center sector," said Daniel (DJ) Busch, President and CEO of InvenTrust. "We believe pursuing a direct listing at this time will provide immediate liquidity in the most efficient manner for our current shareholders."

InvenTrust also plans to meet with select investors to present the company's business plan and objectives. BofA Securities Inc. and Wells Fargo Securities LLC will be acting as advisers to management with a potential listing to follow in October.