Join Experience Retail™: a Webcast Hosted by Washington Prime Group on December 9
November 30 2020 - 3:01PM
Business Wire
- Participants will be invited to enter the Experience Retail™
Sweepstakes sponsored by the Company for a chance to win one of
three $2,500 shopping sprees at a Washington Prime Group town
center
Washington Prime Group Inc. (NYSE: WPG) today announced that CEO
and Director Lou Conforti and members of the Company’s leadership
team will host a webcast on Wednesday, December 9, 2020, at 2:00
p.m. Eastern Time to discuss innovation and new initiatives at its
town centers and celebrate the launch of its new Innovation
website.
To access the Experience Retail™ webcast, registration is
available here and on the investor relations section of the
Washington Prime Group website at www.washingtonprime.com. During
the webcast, participants will have an opportunity to type in
questions related to the topic of innovation. Be sure to have
computer speakers (and headphones, if necessary) as the audio will
only stream through computer speakers. There is no telephone
conference line. A replay of the webcast will be available
approximately two hours after the live presentation on the investor
relations section of the Company’s website.
At the completion of the webcast, participants will be invited
to enter the Experience Retail™ Sweepstakes sponsored by Washington
Prime Group. Participants who opt-in will be redirected to a
Sweepstakes landing page to complete and submit an entry for a
chance to win one of three prizes. No purchase necessary. Must be
18 years or older. Void where prohibited by law. Entry ends at
11:59 p.m. Eastern Time on December 9, 2020. Official Rules are
available here. Participation is subject to Washington Prime
Group’s Privacy Policy, which is available at
www.washingtonprime.com/privacy-policy.
About Washington Prime Group
Washington Prime Group: National footprint with local flavor.
With about 100 town centers throughout the US, we’re as American as
apple pie. As a matter of fact, we are also as American as deep
dish pizza in Chicago, Hawaiian poke salad, vegan spring rolls in
Malibu, El Paso Tex-Mex, Maryland crab cakes, kimchi in Orange
County, Memphis barbeque and a Kansas City porterhouse. Our well
regarded infrastructure, from Hawaii to Connecticut, and pretty
much everywhere else in between, allows our tenant and sponsor
partners to benefit from the operating efficacy and economies of
scale at a large national real estate company, alongside local
management who possess comprehensive knowledge of the specific
locale within which they reside. Washington Prime Group® and
Experience Retail™ are registered trademarks of the Company. Learn
more at www.washingtonprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
which represent the current expectations and beliefs of management
of Washington Prime Group Inc. (“WPG”) concerning the proposed
transactions, the anticipated consequences and benefits of the
transactions and the targeted close date for the transactions, and
other future events and their potential effects on WPG, including,
but not limited to, statements relating to anticipated financial
and operating results, future liquidity, the Company’s plans,
objectives, expectations and intentions, cost savings and other
statements, including words such as “anticipate,” “believe,”
“confident,” “plan,” “estimate,” “expect,” “intend,” “will,”
“should,” “may,” and other similar expressions. Such statements are
based upon the current beliefs and expectations of WPG’s
management, and involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance, or
achievements of WPG to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, without
limitation: changes in asset quality and credit risk; ability to
sustain revenue and earnings growth; changes in political, economic
or market conditions generally and the real estate and capital
markets specifically; the impact of increased competition; the
availability of capital and financing; tenant or joint venture
partner(s) bankruptcies; the failure to increase store occupancy
and same-store operating income; risks associated with the
acquisition, disposition, (re)development, expansion, leasing and
management of properties; changes in market rental rates; trends in
the retail industry; relationships with anchor tenants; risks
relating to joint venture properties; costs of common area
maintenance; competitive market forces; the level and volatility of
interest rates; the rate of revenue increases as compared to
expense increases; the financial stability of tenants within the
retail industry; the restrictions in current financing arrangements
or the failure to comply with such arrangements; the liquidity of
real estate investments; the impact of changes to tax legislation
and WPG’s tax positions; losses associated with closures, failures
and stoppages associated with the spread and proliferation of the
coronavirus (COVID-19) pandemic; to qualify as a real estate
investment trust; the failure to refinance debt at favorable terms
and conditions; loss of key personnel; material changes in the
dividend rates on securities or the ability to pay dividends on
common shares or other securities; possible restrictions on the
ability to operate or dispose of any partially-owned properties;
the failure to achieve earnings/funds from operations targets or
estimates; the failure to achieve projected returns or yields on
(re)development and investment properties (including joint
ventures); expected gains on debt extinguishment; changes in
generally accepted accounting principles or interpretations
thereof; terrorist activities and international hostilities; the
unfavorable resolution of legal or regulatory proceedings; failure
of the contemplated reverse share split to accomplish the Company’s
objectives for the action and such other adverse consequences on
the marketability and liquidity of the Company’s common stock; the
impact of future acquisitions and divestitures; assets that may be
subject to impairment charges; significant costs related to
environmental issues; changes in LIBOR reporting practices or the
method in which LIBOR is determined; and other risks and
uncertainties, including those detailed from time to time in WPG’s
statements and periodic reports filed with the Securities and
Exchange Commission, including those described under “Risk
Factors”. The forward-looking statements in this communication are
qualified by these risk factors. Each statement speaks only as of
the date of this press release and WPG undertakes no obligation to
update or revise any forward-looking statements to reflect new
information, subsequent events or circumstances. Actual results may
differ materially from current projections, expectations, and
plans, if any. Investors, potential investors and others should
give careful consideration to these risks and uncertainties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201130005810/en/
Kimberly A. Green, VP, Investor Relations & Corporate
Communications, 614.887.5647 or kim.green@washingtonprime.com
Washington Prime (NYSE:WPG)
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