Realty Income Corp
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is focused on acquiring and managing freestanding commercial properties under a long-term net lease agreement. The Company owns and operates diversified portfolio of over 11,000 commercial properties. The Company's properties are leased to clients, operating across 60 industries, and located in 50 United States (U.S) states, Puerto Rico, the United Kingdom and Spain. The majority of its properties are leased to retail clients that have a service, non-discretionary, and/or low price point component to their business. The Company’s property types include Retail, Industrial, and Agriculture.

Closing Price
$69.49
Day's Change
1.73 (2.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
69.50
Day's Low
66.93
Volume
(Average)
Volume:
3,531,780

10-day average volume:
3,880,845
3,531,780

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tenet Fintech Group Inc. (f/k/a Peak Fintech Group Inc.) (PKKFF; TNT)

11:03 pm ET November 25, 2021 (PR Newswire) Print

Pomerantz LLP is investigating claims on behalf of investors of Tenet Fintech Group Inc. (f/k/a Peak Fintech Group Inc. (""or the "Company") (OTCMKT: PKKFF) (NASDAQ: TNT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

https://mma.prnewswire.com/media/1486339/Pomerantz_Logo.jpg

The investigation concerns whether Kura and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On September 14, 2021, Tenet issued a press release announcing the acquisition of the Heartbeat Insurance Platform ("Heartbeat").

Then, on September 21, 2021, Tenet issued a press release stating that the Nasdaq Capital Market ("NASDAQ") and the U.S. Securities and Exchange Commission ("SEC") advised the Company that the review of its Form 40-F registration statement was taking longer than originally expected. As such, trading of the Company's shares on the NASDAQ was temporarily halted.

On September 28, 2021, Tenet issued a press release stating that it had voluntarily withdrawn its Form 40-F registration statement filed with the SEC "while it works to comply with recent disclosure guidance provided by the SEC for companies either based in China or with the majority of their operations in China" and that "the Company's common shares will no longer be listed on the [NASDAQ] as of immediately prior to market open on Thursday September 30, 2021." Accordingly, on September 30, 2021, Tenet's shares began trading on the OTC under the ticker symbol "PKKFF."

As a result of delisting from the NASDAQ, the Company's share price fell $1.59 per share, or over 17%, from closing at $9.09 per share on September 20, 2021, to open at $7.50 per share on September 30, 2021.

On October 1, 2021, Tenet issued a press release announcing the acquisition of Cubeler Inc. ("Cubeler").

Then, on October 4, 2021, market analyst Grizzly Reports published a report discussing and analyzing the Company (the "Analyst Report"). Among other things, the Analyst Report alleged that the Company's acquisition of Heartbeat was rife with factual inaccuracies and suspicious transactions, that that the Company's acquisition of Cubeler "evidence[d] self-dealing", and that, contrary to Tenet's prior assertions, the Company did not own Asia Synergy Financial Capital Ltd. ("ASFC").

On October 5, 2021, Tenet published a question and answer responding to specific allegations in the Analyst Report (the "Q&A Response"). In the Q&A Response, Tenet's Chief Executive Officer purported to debunk the allegations in the Analyst Report.

Then, on October 13, 2021, Grizzly Reports published a rebuttal report to the Company's Q&A Response (the "Rebuttal Report"). The Rebuttal Report expanded on the original Analyst Report regarding the Company's purported ownership in ASFC, including, among other issues, that the creation of ASFC was an undisclosed related party transaction.

On this news, Tenet's share price fell $0.57 per share, or 6%, to close at $7.98 per share on October 13, 2021

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com 888-476-6529 ext. 7980

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SOURCE Pomerantz LLP

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