BRT Realty Trust discloses mistakes related to special dividend

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Related Companies BRT Realty Trust (BRT)

Related Documents 8-K BRT Realty Trust 10/26/2009, filed on 10/30/2009

Related Articles 10/27/2009 BRT Realty provides details on special dividend elections

BRT Realty Trust on Oct. 30 filed a correction on Form 8-K relating to its special dividend to be paid Oct. 30 to shareholders of record as of Sept. 30.

Due to a data entry error in the computer program used to calculate the number of shares to be issued in the dividend and the amount of cash per share to be paid to those shareholders electing to receive cash, the previously issued press release contained three mistakes.

The press release incorrectly stated that BRT Realty would issue 2,437,366 of its common shares in the dividend. The correct number of common shares that BRT Realty will issue in the dividend is 2,437,352. The press release also incorrectly stated that BRT Realty would pay a special dividend of 23.17959 cents per share in cash and 91.82041 cents per share in stock to those shareholders electing to receive cash.

In fact, BRT Realty will pay a special dividend of 22.68042 cents per share in cash and 92.31958 cents per share in stock to those shareholders electing to receive cash.