ELME: $1.74 special liquidating distribution payable October 22

Elme Communities announced an additional special liquidating distribution of $1.74 per share on September 29, 2026, payable on October 22. The title describes it as an "additional" distribution, meaning this follows at least one prior liquidating payment, consistent with a wind-down process.

Holders on the record date receive the cash. Short sellers face the opposite: they owe a payment in lieu, the dividend a borrower must pass on to the lender of the shares, meaning every short position carries a $1.74-per-share liability due around the payment date. With short interest at around 3.2% of free float, roughly 2.55 million shares are borrowed. At a cost to borrow of just 0.57% annually and availability still relatively loose, the borrow market shows no sign of stress, but the upcoming payment-in-lieu obligation raises the effective cost of holding a short position through the ex-dividend date.