[Federal Register Volume 63, Number 37 (Wednesday, February 25, 1998)]
[Notices]
[Page 9619]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4713]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (Pennsylvania Real Estate Investment Trust, Shares of 
Beneficial Interest, $1.00 Par Value) File No. 1-6300

February 19, 1998.
    Pennsylvania Real Estate Investment Trust (``Company'') has filed 
an application with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to 
withdraw the above specified security (``Security'') from listing and 
registration on the American Stock Exchange, Inc. (``Amex'' or 
``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security also is listed for trading on the New York Stock 
Exchange, Inc. (``NYSE'') pursuant to a Registration Statement on Form 
8-A that became effective on November 13, 1997. Trading in the Security 
on the NYSE commenced at the opening of business on November 14, 1997.
    The Company has complied with Amex Rule 18 by filing with the 
Exchange a certified copy of the resolutions adopted by the Company's 
Board of Directors authorizing the withdrawal of the Security from 
listing and registration on the Amex, and by setting forth in detail to 
the Exchange the reasons and facts supporting the proposed withdrawal. 
In making the decision to withdraw the Security from listing on the 
Exchange, the Company considered the direct and indirect costs, and the 
division of the market for its Security resulting from the dual-listing 
of the Security on the Amex and the NYSE.
    By letter dated October 30, 1997, the Exchange informed the Company 
that it would not object to the withdrawal of the Security from listing 
and registration on the Exchange.
    By reason of Section 12(b) of the Act and the rules thereunder, the 
Company shall continue to be obligated to file reports under Section 13 
of the Act with the Commission and the NYSE.
    Any interested person may, on or before March 12, 1998, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
Exchange and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-4713 Filed 2-24-98; 8:45 am]
BILLING CODE 8010-01-M