Kent Financial Services Announces Subsidiary's Proposed Going Private Transaction

KENT FINANCIAL SERVICES

On August 22, 2011, Kent's majority owned subsidiary, Kent International Holdings, Inc. filed a Schedule 14C Preliminary Information Statement with the United States Securities and Exchange Commission in connection with a proposed "going private" transaction. The proposed transaction involves an amendment to Kent International's Articles of Incorporation to effect a one-for-950,000 reverse stock split. If implemented, fractional shares will be redeemed by Kent International for cash consideration of $2.50 per pre-split share.