BEVERLY HILLS, CA - International real estate investment and services company Kennedy-Wilson Holdings, Inc. ("Kennedy Wilson" or the "Company") (NYSE Amex:KWIC) announced today that it has received authorization to list its common stock on the New York Stock Exchange (NYSE) and anticipates that trading will begin on or about March 19, 2010 under the symbol "KW".
"Listing on the NYSE is a historic event for our company and will create increased visibility for our shareholders and our platform," said William J. McMorrow, chairman and CEO of Kennedy Wilson. "Having acquired Kennedy Wilson as a small auction house in 1988, we are pleased and humbled to be joining such an elite group of companies on the NYSE."
Kennedy Wilson has notified the NYSE Amex that it will voluntarily delist its common stock and warrants from the NYSE Amex. The last day of trading of the Company's common stock and warrants on the NYSE Amex is expected to be on or about March 18, 2010. The Company's warrants currently do not have a sufficient number of warrant holders to meet applicable continued listing requirements and are expected to be quoted on the Pink Sheets following the delisting from the NYSE Amex so long as market makers demonstrate an interest in trading in the Company's warrants. No assurance can be given that the market makers will continue to make a market in the Company's warrants. Until such time the Company's common stock begins trading on the NYSE, the Company's common stock will remain trading on the NYSE Amex under the existing symbol "KWIC".
Founded in 1977, Kennedy Wilson is a vertically integrated real estate investment and services company headquartered in Beverly Hills, CA with 22 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan.
Source: Kennedy Wilson