Apple Hospitality REIT
California-based investment firm MacKenzie Capital Management is looking to buy up to 1 million shares of Apple Hospitality REIT stock from the company’s shareholders at $7.25 per share. The firm has made similar offers to shareholders on other Apple REIT funds in the past. It attempts to lure shareholders with a cash offer as Apple REIT shares are considered non-traded and illiquid, which limits redemption opportunities. MacKenzie’s offer is open until Jan. 23.
C&F Financial (CFFI)
CEO Thomas Cherry exercised options for 271 shares at $39.29 each. He then sold the shares for $39.75 for a total sale of $10,772.
Bradley Kiscaden, chief actuarial officer, sold 32 shares at $681.38 each for a total sale of $21, 804.