The company expects its stock price and total market capitalization to drop significantly following the payout, making a voluntary exit from the exchange necessary before involuntary delisting triggers apply. Shareholders of record by October 27 will receive the payment on November 5. Until that date, shares will trade with associated "due bills" that preserve the right to the distribution.

Alongside the payout, SITE Centers confirmed the sale of its stake in the Dividend Trust Portfolio joint venture. The transaction generated approximately $32.4 million in net proceeds, though the company declined to name the buyer. The final day for trading on the NYSE is set for December 4.