InvenTrust Properties Corp. (OTCPK:IARE) announces a share repurchase program. Under the program, the company will repurchase up $100 million worth of its common stock. The shares will be repurchased at a price of not greater than $28 or less than $25 per share. The company intend to fund the purchase of shares in the offer and pay related costs by using cash on balance sheet. If more than $100 million in value of shares are properly tendered and not properly withdrawn, the company will first purchase all the shares properly tendered at or below the price ultimately determined to be the purchase price and not properly withdrawn by any odd lot holder that tenders all of such stockholder’s shares and then the company will purchase all other shares properly tendered and not properly withdrawn at or below the price ultimately determined to be the purchase price, on a pro rata basis with appropriate adjustments to avoid the purchase of fractional shares. In the event of an increase in the value of shares purchased in the offer, the number of shares accepted for payment in the offer increases by more than 2% of the outstanding shares. The offer will expire on November 8, 2021. As of September 30, 2021, the company had 71,261,403 shares issued and outstanding.