The following excerpt is from the company's SEC filing.
Great Neck, New York – September 9, 2013 – BRT REALTY TRUST (NYSE:BRT), a real estate investment trust that originates and holds for investment senior mortgage loans secured by commercial and multi-family properties, participates as an equity investor in joint ventures which own and operate multi-family properties and owns and operates other real estate assets, today announced that its Board of Trustees had approved a $2 million share repurchase program. This program is intended to be implemented through purchases made from time to time in either the open market or through private transactions; the program is authorized through September 30, 2015. As of September 9, 2013, BRT had approximately 14.2 million shares outstanding.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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