CHICAGO, IL, November 5, 2010 – General Growth Properties, Inc. (“GGP”) announced that NYSE “when issued” trading is commencing today in both “new” GGP common stock and the common stock of the spin-off company called The Howard Hughes Corporation. NYSE “when issued” trading will be conducted under the symbols “GGP WI” and “HHC WI,” respectively. “When issued” trading in both stocks will continue leading up to and including the day GGP emerges from bankruptcy. GGP's existing common stock is traded on the NYSE under the symbol “GGP” and will continue to trade regular way leading up to and including the day GGP emerges from bankruptcy. “New” GGP and THHC will commence regular way trading the day following the day GGP emerges from bankruptcy.
Additional information regarding the spin-off and “when issued” trading can be found at here.
ABOUT “New” GGP
“New” GGP will have ownership and management interest in 185 regional shopping malls in 43 states as well as ownership interests in other rental properties.
THHC is a newly formed company created to specialize in the development of the master planned community business and other strategic real estate development opportunities across the United States.