Robinhood Ventures Fund I Common Shares of Beneficial Interest (RVI)

Retail Value Inc. (“RVI” or the “Company”) today announced that it expects its common shares will begin trading in the OTC Pink Market under the ticker symbol “RVIC” at the commencement of trading on April 7, 2022. Prior to April 7, 2022, the Company’s common shares traded on the New York Stock Exchange under the ticker symbol “RVI”.

Retail Value Inc. (NYSE: RVI) today announced that the general due diligence period expired under an agreement to sell Crossroads Center located in Gulfport, Mississippi to a third-party purchaser for $38.5 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits and closing costs. Closing remains subject to customary conditions, including the receipt of tenant estoppels and the consent of the ground lessor to the assignment of the ground lease applicable to the shopping center, and is expected to occur by the end of April 2022.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter and year ended December 31, 2021.

On January 19, 2022, Retail Value Inc. (NYSE: RVI) announced the tax allocations of 2021 distributions on its common shares.

On December 15, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Willowbrook Plaza (Houston, Texas) for $37.1 million in cash prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns an interest in one property located in the continental U.S.

On December 6, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Green Ridge Square (Grand Rapids, Michigan) for $23.3 million in cash prior to closing costs, prorations and other closing adjustments. Net proceeds received at closing were approximately $22.3 million.

Retail Value Inc. (NYSE: RVI) today announced that the general due diligence period expired under an agreement to sell Willowbrook Plaza located in Houston, Texas to a third party purchaser for $37.1 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended September 30, 2021.

On November 2, 2021, Retail Value Inc. (NYSE: RVI) announced that the general due diligence period had expired under an agreement to sell Green Ridge Square located in Grand Rapids, Michigan to a third party purchaser for $23.3 million in cash, subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021.

October 8, 2021, Retail Value Inc. (NYSE: RVI) announced today that it intends to release its third quarter earnings on Wednesday, November 3, 2021, after the market close.

On October 1, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the previously announced portfolio of five continental U.S. properties for $264 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, the Company owns interests in three remaining properties in the continental U.S.

On August 27, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of the Company’s 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8 properties located in the continental U.S.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended June 30, 2021.

On June 3, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Señorial Plaza (Rio Piedras, PR) for $20.4 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.

Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended March 31, 2021.

On April 21, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Uptown Solon (Solon, OH) for $10.1 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

On April 14, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Plaza Vega Baja (Baja, PR) for $4.5 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.

On April 13, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Noble Town Center (Jenkintown, PA) for $14.0 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

Retail Value Inc. (NYSE: RVI) announced today that it will release its first quarter earnings on Tuesday, May 4, 2021, after the market close.

On April 9, 2021, Retail Value Inc. (NYSE: RVI) closed on the sale of Marketplace of Brown Deer (Brown Deer, WI) for $10.3 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI.