[Federal Register Volume 63, Number 37 (Wednesday, February 25, 1998)]
[Notices]
[Page 9619]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4713]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Pennsylvania Real Estate Investment Trust, Shares of
Beneficial Interest, $1.00 Par Value) File No. 1-6300
February 19, 1998.
Pennsylvania Real Estate Investment Trust (``Company'') has filed
an application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the American Stock Exchange, Inc. (``Amex'' or
``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Security also is listed for trading on the New York Stock
Exchange, Inc. (``NYSE'') pursuant to a Registration Statement on Form
8-A that became effective on November 13, 1997. Trading in the Security
on the NYSE commenced at the opening of business on November 14, 1997.
The Company has complied with Amex Rule 18 by filing with the
Exchange a certified copy of the resolutions adopted by the Company's
Board of Directors authorizing the withdrawal of the Security from
listing and registration on the Amex, and by setting forth in detail to
the Exchange the reasons and facts supporting the proposed withdrawal.
In making the decision to withdraw the Security from listing on the
Exchange, the Company considered the direct and indirect costs, and the
division of the market for its Security resulting from the dual-listing
of the Security on the Amex and the NYSE.
By letter dated October 30, 1997, the Exchange informed the Company
that it would not object to the withdrawal of the Security from listing
and registration on the Exchange.
By reason of Section 12(b) of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports under Section 13
of the Act with the Commission and the NYSE.
Any interested person may, on or before March 12, 1998, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
Exchange and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-4713 Filed 2-24-98; 8:45 am]
BILLING CODE 8010-01-M
