| Item 7.01 Regulation FD Disclosure. Vornado Realty Trust (NYSE:VNO) today announced that its subsidiary, Vornado SpinCo ("SpinCo"), has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission ("SEC") in connection with Vornado's previously announced plan to spin-off its shopping center business, consisting of 80 strip shopping centers, four malls and a warehouse park, into a new publicly traded REIT (SpinCo). The Form 10 contains preliminary information about the potential terms and conditions of the spin-off of SpinCo. It also contains preliminary information about SpinCo as a stand-alone company including financial, capital structure, business, risk factors and management and governance information. The Form 10 will be revised and updated in future amendments. The transaction is subject to certain conditions, including the SEC declaring that SpinCo's registration statement is effective, filing and approval of SpinCo's listing application, receipt of third party consents, and formal approval and declaration of the distribution by Vornado's Board of Trustees. Vornado may, at any time and for any reason until the proposed transaction is complete, abandon the separation or modify or change its terms. The Form 10 is available in the Investor Relations section on Vornado's website, www.vno.com. Vornado Realty Trust is a fully-integrated equity real estate investment trust. |
