MANDEVILLE, Louisiana, January 9, 2017
MANDEVILLE, Louisiana, January 9, 2017 /PRNewswire/ --
ORPHEUM Property, Inc. (OTCPINK: PLFF), a diversified public company, is pleased to announce it has received approval from The Depository Trust Company ("DTC") of New York, NY and is now DTC electronic (DWAC/FAST/DRS) eligible.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Jeffrey B. Montalbano, the Company's Chairman and CEO, has been overseeing the business of the Company since March 2015, and states, "I am very pleased to let our shareholders know that our latest financial filings are available for all to review on the OTC Markets trading platform (http://www.otcmarkets.com/stock/PLFF/filings ) and the we are fully current effective November 28, 2016."
Mr. Montalbano added, "Thanks to the support of our Transfer Agent, OTC Stock Transfer, Inc., of Salt Lake City, UT, achieving 'DTC eligibility' will to greatly simplify the process of trading and exchange the Company's common stock on the OTC Markets trading platform in the United States."
About ORPHEUM Property, Inc.
ORPHEUM Property Inc. ("ORPHEUM") specializes in the acquisition, development, and management of businesses and commercial properties worldwide. ORPHEUM accomplishes its acquisitions through a variety of funding scenarios including stock/equity sales, private investments and traditional lending sources.
ORPHEUM trades on the OTC Markets trading platform, and utilizes the OTC Disclosure & News Service in order to make all current information and disclosures available to the public. Investors can find real-time quotes and market information at: http://www.otcmarkets.com/stock/PLFF/quote
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and other risks. Actual results may differ materially from such forward-looking statements.
SOURCE ORPHEUM Property, Inc.