PROVIDENCE, R.I., Feb. 11, 2025 /PRNewswire/ — Capital Properties, Inc. CPTP today announced that it filed a Form 15 with the Securities and Exchange Commission (the “SEC”) to deregister its Class A common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “34 Act”), and to suspend its reporting obligations under Section 15(d) of the ’34 Act. The Company’s obligation to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, was suspended immediately upon filing of Form 15. Once Form 15 is effective, which is expected to occur 90 days after filing, the Company will no longer be a public reporting company.
Despite the termination of registration, the Company intends to continue to qualify for trading on the OTCQX by complying with the OTC Markets disclosure requirements, which include among others things, filing of quarterly and annual disclosure documents.
About Capital Properties, Inc.
Capital Properties, Inc. and its subsidiary’s principal business consist of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island for commercial development, and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes.
CONTACT:
Susan R. Johnson, Treasurer
401-435-7171
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SOURCE Capital Properties, Inc.
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