First Real Estate Investment Trust of New Jersey, Inc. (OTC:FREVS) announced Monday it has amended its Stockholder Rights Agreement with Computershare Trust Company, N.A., according to an SEC filing.
The amendment extends the term from July 31, 2026, to July 31, 2029. The agreement was originally adopted on July 31, 2023.
Known as a "poison pill," the agreement protects stockholders from unsolicited takeover attempts. The extension keeps it in effect for an additional three years.
The amendment was signed Monday. The company's common stock trades on the OTC Pink Market under the symbol FREVS.
