Performance Network Theatre, Ann Arbor's professional theater company, has been closed by its Board of Directors, effective immediately.

A press release states: "The Board of Directors of Performance Network Theatre has determined that the theatre is not currently financially viable and suspends all operations, effective immediately. The Board wants to thank the community, actors, directors, designers, donors, and subscribers for their long-standing support of the theatre."

According to PNT's website, current Board members are: Ron Maurer (President); Tom Crawford (Vice-President); Steve Gerber (Vice-President); Tom Dezure (Treasurer); Linda Levy (Secretary); Ed Abbott; Mary Avrakotos; Norman Bash; Gene Dickerson; Joe Grimley; Hanna Goodstein; David Herzig; Steven Klein; Jessica Litman; Stephen Palms; Myra Poplin; Sheila Sasser; and Phil Stoffregen.

PNT's quick closure pulls the plug on the company's gender-bending take on Shakespeare's "Richard III," mid-run.

And it had already been a year of change and upheaval at PNT.

In December 2013, Ann Arbor-based Wickfield Properties purchased the 11 story building in which PNT is housed - Courthouse Square, which has low-income apartments for seniors, at 100 S. Fourth Ave. - for $4.25 million.

And earlier this year, PNT staffers had scrambled to recover from a burst pipe that flooded the theater shortly before David Wells' "County Line" began its run.

Updates and more information on PNT's closure to follow.

Jenn McKee is an entertainment reporter for The Ann Arbor News. Reach her at jennmckee@mlive.com or 734-623-2546, and follow her on Twitter @jennmckee.