FREEHOLD, N.J., May 18 /PRNewswire-FirstCall/ -- Monmouth Real
Estate Investment Corporation (Nasdaq: MNRTA) today announced that
it is transferring the listings of its common and preferred stock
to the New York Stock Exchange ("NYSE"). The Company expects to
begin trading on the NYSE on June 1,
2010. The Company will change its common stock ticker from
(Nasdaq: MNRTA) to (NYSE: MNR). The Company will change its
preferred stock ticker from (Nasdaq: MNRTP) to (NYSE: MNR PRA). The
Company's common stock and preferred stock will continue to trade
on the NASDAQ until the transfer is completed.
"We are thrilled to welcome Monmouth, a REIT pioneer, to the
NYSE," said Scott R. Cutler, NYSE
Euronext EVP and Head of Listings, Americas. "Monmouth is
making a significant move, and the company and its shareholders
will benefit from their association with the NYSE's market,
services and dominant network of REIT companies."
"We are looking forward to listing on the New York Stock
Exchange," said Monmouth President
and CEO, Eugene W. Landy. "The vast
majority of the US REIT market trades on the NYSE. We are excited
to be joining our peers and anticipate that this move will result
in increased liquidity and visibility for our shareholders. Our
relationship with the NASDAQ has been positive and we appreciate
their service over the years."
Monmouth Real Estate Investment Corporation, which was organized
in 1968, is a publicly-owned real estate investment trust
specializing in net-leased industrial properties. The
Company's portfolio consists of sixty-one industrial properties and
one shopping center located in twenty-five states. In
addition, the Company owns a portfolio of REIT securities.
SOURCE Monmouth Real Estate Investment Corporation
