Independent Trustee Ronald Artinian Nominated as “Trustee of the Year” by Fund Industry Intelligence
27 Janeiro 2014 - 11:30AM
Business Wire
CommonWealth REIT (NYSE: CWH) today announced that one of its
newly appointed Independent Trustees, Ronald Artinian, has been
nominated as “Trustee of the Year” by Fund Industry Intelligence, a
publication of Institutional Investor. In announcing this
nomination, Fund Industry Intelligence cited Mr. Artinian’s work as
Lead Independent Trustee of The Reserve Primary Fund, among his
other accomplishments. The Reserve Primary Fund, a money market
fund with approximately $62 billion of assets, experienced a
decline in net asset value to less than $1.00 per share as a result
of the financial crisis and the Lehman Brothers bankruptcy in 2008.
Mr. Artinian was subsequently appointed Lead Independent Trustee of
the fund, and during his time there, the Independent Trustees
replaced the existing external manager with a new manager to
liquidate the fund. The Primary Reserve Fund has successfully
returned more than 99% of investors’ historical invested capital to
date.
Commenting on the news of Mr. Artinian’s nomination as “Trustee
of the Year,” Adam Portnoy, Managing Trustee and President of CWH,
made the following statement:
“I speak for the entire CWH Board and management when I offer
congratulations to Mr. Artinian on his nomination as ‘Trustee of
the Year’ by Fund Industry Intelligence and Institutional
Investor.”
“CWH has significantly enhanced its governance and it is proud
that Mr. Artinian has recently joined the CWH Board as an
Independent Trustee. The characteristics Mr. Artinian is being
recognized for now are exactly the qualities the Nominating
and Governance Committee identified in him when they invited him to
join the CWH Board."
“We believe our shareholders will support the CWH Board's
commitment to deliver the sort of independent thinking and
shareholder focus Mr. Artinian is being recognized for, rather than
the hostile takeover attempt by the Related Companies, with the
assistance of Corvex, to take control of CWH for its own
benefit.”
For more information about Mr. Artinian’s nomination as “Trustee
of the Year” see:
http://www.fundindustryintelligence.com/Article/3299800/Default/Trustee-of-the-Year.html#.UuRHprko5aR.
CommonWealth REIT is a real estate investment trust that
primarily owns office properties located throughout the United
States. CWH is headquartered in Newton, MA.
WARNING REGARDING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON CWH'S AND ITS BOARD’S PRESENT BELIEFS AND EXPECTATIONS,
BUT THEY ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS
REASONS, INCLUDING SOME REASONS BEYOND CWH’S CONTROL. FOR THESE
REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE OR
THEIR IMPLICATIONS.
ADDITIONAL INFORMATION
REGARDING THE CONSENT SOLICITATION
CWH, its Trustees and certain of its executive officers, and
Reit Management & Research LLC and certain of its directors,
officers and employees may be deemed to be participants in the
solicitation of consent revocations from shareholders in connection
with the solicitation being conducted by Related Fund Management,
LLC and Corvex Management LP (together, “Related/Corvex”). On
January 21, 2014, CWH filed a revised preliminary consent
revocation statement with the Securities and Exchange Commission,
or SEC, in response to the Related/Corvex solicitation. CWH will
furnish a definitive consent revocation statement to its
shareholders, together with a WHITE consent revocation card when
available. SHAREHOLDERS ARE URGED TO READ THE CONSENT REVOCATION
STATEMENT AND ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY OTHER
RELEVANT DOCUMENTS THAT CWH WILL FILE WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Additional information regarding the identity of the potential
participants and their direct or indirect interests, by share
holdings or otherwise, is set forth in the preliminary consent
revocation statement and other materials to be filed by CWH with
the SEC in connection with the solicitation of revocations of
consents.
Shareholders may obtain free of charge copies of the consent
revocation statement and any other documents (when available) filed
by CWH with the SEC in connection with the Related/Corvex
solicitation at the SEC’s website (http://sec.gov), at CWH’s
website (http://cwhreit.com) or by requesting these materials from
Timothy Bonang, by phone at (617) 796-8222, or by mail at Two
Newton Place, 255 Washington Street, Newton, MA 02458 or by
requesting materials from the firm assisting the CWH in the
solicitation of consent revocations, Morrow & Co., LLC, toll
free at (800) 276-3011 (banks and brokers call collect at (203)
658-9400).
A Maryland Real Estate Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
Media Contacts:Joele Frank, Wilkinson Brimmer KatcherAndrew
Siegel / Jonathan Keehner212-355-4449orInvestor
Contacts:CommonWealth REITTimothy Bonang, Vice President, Investor
RelationsJason Fredette, Director, Investor
Relations617-796-8222www.cwhreit.com
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