Stratus Properties' Board Approves Plan to Dissolve and Sell All Assets; Co. Estimates Aggregate Net Proceeds From The Asset Sales Could Result In Total Distributions To Stockholders Of $29.73 To $37.69 Per Share

Stratus Properties Inc. (NASDAQ: STRS) has announced that its Board of Directors has approved a plan for complete liquidation and dissolution following a strategic review. The company estimates that the net proceeds from the asset sales could result in total distributions to stockholders ranging from $29.73 to $37.69 per share. The plan is subject to stockholder approval, which will be sought at a future meeting, and further details will be provided in a proxy statement to be filed with the SEC.