Did Rithm Property Trust have a reverse stock split?
Yes, RLI Corp. (RLI) announced a two-for-one stock split that was effected after the market close on January 15, 2025. Trading for the company's shares began on a split-adjusted basis on January 16, 2025. This corporate action effectively doubled the number of shares held by existing investors while proportionally adjusting the price per share. The company provided detailed information regarding this split on its official website, and third-party financial institutions published notices outlining the procedures taken to process this change for shareholders and investors holding the company’s qualified investments in their portfolios.
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