Curbline Properties Corp. (NYSE: CURB) announced today that its Board of Directors has authorized a $250 million share repurchase program and filed a Form 8‑K to implement a $250 million at‑the‑market (ATM) stock offering program. The filing confirms the company’s intent to use the proceeds to repurchase shares and to provide a flexible, market‑price‑based equity issuance mechanism.
The share repurchase program is designed to create shareholder value by reducing the number of outstanding shares and providing a potential support mechanism for the stock price. The ATM program offers the company a way to raise equity capital on an as‑needed basis, allowing it to respond quickly to market conditions without committing to a fixed capital raise.
Together, the two programs give Curbline greater control over its capital structure, enhance liquidity, and provide tools to manage share count and equity financing in a cost‑effective manner. The announcement represents a significant financing decision that will influence the company’s balance sheet and shareholder composition moving forward.
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