Did Lutheran Brotherhood become Thrivent?
Yes, LXP Industrial Trust (LXP) underwent a 1-for-5 reverse stock split that became effective on November 11, 2025. This corporate action resulted in each share of LXP common stock being converted into 0.2 shares of the new common stock. The purpose of this reverse split was to reduce the number of outstanding shares and increase the market price per share, a strategy often used by publicly traded companies to meet listing requirements or to achieve a specific trading price target. Options and futures contracts associated with the stock were adjusted accordingly to reflect the change in the share structure.
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