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Investigation Details
W.P. Carey was downgraded by BMO Capital on September 26, 2023, with analysts “perplexed” by the Company’s plan to spin off most of its office portfolio into a new REIT. Following this news, shares of W.P. Carey dropped over 3% the same day. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
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