General Growth Properties, Inc. ("GGP") announced today that it has filed an application to list its common stock on the New York Stock Exchange ("NYSE"). GGP expects the shares of its common stock to begin trading on the NYSE on March 5, 2010, under the symbol "GGP." Until that time, GGP's common stock will continue to trade in the over-the-counter securities market operated by Pink OTC Markets under the symbol "GGWPQ."
"We are pleased to again be eligible for listing on the New York Stock Exchange, the world's largest and most liquid trading market," said Adam Metz, Chief Executive Officer of GGP. "Trading again on the NYSE will mark an important milestone in GGP's restructuring process."
ABOUT GGP
GGP currently has ownership interest in, or management responsibility for, more than 200 regional shopping malls in 43 states, as well as ownership in planned community developments and commercial office buildings. The company's portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. The Company's common stock is currently traded in the over-the-counter securities market operated by Pink OTC Markets Inc. using the symbol GGWPQ.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements. Actual results may differ materially from the results suggested by these forward-looking statements for a number of reasons. Readers are referred to the documents filed by General Growth Properties, Inc. with the Securities and Exchange Commission, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.
Contacts:
General Growth Properties, Inc.
Jim Graham, Corporate
Communications, (312) 960-2955, james.graham@ggp.com
