UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2015
KBS STRATEGIC OPPORTUNITY REIT, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Maryland | 000-54382 | 26-3842535 | ||
(State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
800 Newport Center Drive, Suite 700
Newport Beach, California 92660
(Address of principal executive offices)
Registrant's telephone number, including area code: (949) 417-6500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
Share Redemption Program
Pursuant to the Sixth Amended and Restated Share Redemption Program (the “SRP”) of KBS Strategic Opportunity REIT, Inc. (the “Company”), requests to redeem 62,560 shares of common stock went unfulfilled in the month of August due to funding limitations of the SRP, none of which were redemption requests in connection with a stockholder’s death, Qualifying Disability (as defined in the SRP) or Determination of Incompetence (as defined in SRP). As a result of these unfulfilled requests and additional requests received subsequently, on September 16, 2015, the board of directors of the Company approved, pursuant to Section 4(b) of the Company’s SRP, an additional $7.0 million of funds available for the redemption of shares for calendar year 2015. To the extent that the Company redeems less than the number of shares that the Company can purchase in calendar year 2015, any excess capacity to redeem shares during calendar year 2015 will be added to the Company’s capacity to otherwise redeem shares during calendar year 2016.
For a stockholder’s shares to be eligible for redemption in a given month or to withdraw a redemption request, the Company must receive a written notice from the stockholder or from an authorized representative of the stockholder in good order and on a form approved by the Company at least five business days before the redemption date, or by September 23, 2015 in the case of the September 30, 2015 redemption date.
The SRP was filed with the SEC on July 27, 2015 as an exhibit to a Form 8-K.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KBS STRATEGIC OPPORTUNITY REIT, INC. | ||||||
Dated: September 16, 2015 | BY: | /s/ Jeffrey K. Waldvogel | ||||
Jeffrey K. Waldvogel | ||||||
Chief Financial Officer, Treasurer and Secretary | ||||||