CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today provided a further
update following its press release on August 15, 2016, regarding the
Security and Exchange Commission’s (“SEC”) investigation into four
specific loans: In the Matter of CBL &
Associates Properties, Inc., NY-9404.
On the afternoon of August 15, 2016, CBL received a letter from the SEC
notifying the Company that they had concluded their investigation into
four specific loans. The SEC stated, “We have concluded the
investigation as to CBL & Associates Properties, Inc. (“CBL”) in the
above referenced matter. Based on the information we have as of this
date, we do not intend to recommend an enforcement action by the
Commission against CBL.”
The SEC provided this notice pursuant to the guidelines set out in the
final paragraph of Securities Act Release No. 5310, (the text of this
release can be found at: http://www.sec.gov/divisions/enforce/wells-release.pdf).
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most
active owners and developers of malls and shopping centers in the United
States. CBL owns, holds interests in or manages 145 properties,
including 89 regional malls/open-air centers. The properties are located
in 31 states and total 82.9 million square feet including 8.6 million
square feet of non-owned shopping centers managed for third parties.
Additional information can be found at cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws.Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated.Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements.The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" included therein, for a discussion of such risks
and uncertainties.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160816005599/en/
CBL & Associates Properties, Inc.
Investor Contact:
Katie
Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations
and Corporate Investments
katie.reinsmidt@cblproperties.com
or
Media
Contact:
Stacey Keating, 423-490-8361
Director of Public
Relations
stacey.keating@cblproperties.com
Source: CBL & Associates Properties, Inc.