# SITE Centers Corp. (SITC) — capital_return/special_dividend [pending]
Source: SEC API (secapi.ai) · situation sit_05eb0f1ecb25899c0a1c · retrieved 2026-08-11T16:03:12.209Z

## Overview
SITE Centers Corp. is an owner and manager of open-air shopping centers, operating as a self-administered and self-managed REIT publicly traded on the NYSE under the ticker symbol SITC.

On June 29, 2026, SITE Centers Corp. delivered a buy-sell notice to its partner in the Dividend Trust Portfolio (DTP) joint venture. Under the joint venture agreement, the partner must decide by August 31, 2026 whether to purchase SITE's 20% interest for approximately $32.4 million or sell its 80% interest to SITE for approximately $129.6 million. The transaction is expected to close by October 15, 2026, subject to satisfaction of customary closing conditions.

## Terms
- Counterparty: DTP joint venture partner (Chinese Institutional Investors) · Deal value: $129.6M · Consideration: cash · Stake: 20%

## Key dates
- Announced 2026-08-03 · Expiry 2026-08-31 · Expected close 2026-10-15

## Timeline
- 2026-08-03 · 8-K (0001193125-26-330569): 8-K - SITE Centers Corp. — *SITE Centers Corp. is an owner and manager of open-air shopping centers, operating as a self-administered and self-managed REIT publicly traded on the NYSE under the ticker symbol SITC.* On June 29, 2026, SITE Centers Corp. delivered a buy-sell notice to its partner in the Dividend Trust Portfolio (DTP) joint venture. Under the joint venture agreement, the partner must decide by August 31, 2026 whether to purchase SITE's 20% interest for approximately $32.4 million or sell its 80% interest to SITE for approximately $129.6 million. The transaction is expected to close by October 15, 2026, subject to satisfaction of customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/894315/0001193125-26-330569.txt

## Citations
- 0001193125-26-330569 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526330569