NEW YORK, March 14, 2014 /PRNewswire/ -- Corvex
Management LP and Related Fund Management, LLC, whose separately
managed investment funds collectively own approximately 9.6% of the
outstanding shares of CommonWealth REIT (NYSE:CWH) today reminded
CommonWealth shareholders that the deadline to support the consent
solicitation and remove the entire Board of Trustees is
approaching. There is no internet voting, so shareholders are urged
to sign, date and return their GOLD consent card in the pre-paid
envelope today.
In addition, Corvex and Related released a new presentation that
dispels CommonWealth's recent series of desperate, disingenuous and
diversionary tactics. It should be noted that CommonWealth's
behavior comes following the recommendations of both Institutional
Shareholder Services (ISS) and Glass Lewis & Co. to remove all
of CommonWealth Trustees.
The presentation can be found at
www.shareholdersforcommonwealth.com.
If you have any questions or need assistance voting your shares,
please call today D.F. King &
Co., Inc., our proxy solicitor, at (800) 714-3313. Also visit us at
www.shareholdersforcommonwealth.com.
About Corvex Management LP
Corvex Management LP is an investment firm headquartered in
New York, New York that engages in
value-based investing across the capital structure in situations
with identifiable catalysts. Corvex was founded in March 2011 and follows an opportunistic approach
to investing with a specific focus on equity investments, special
situations and distressed securities largely in North America.
About Related Fund Management, LLC
Related Fund Management, LLC is an affiliate of Related
Companies, one of the most prominent privately-owned real estate
firms in the United States. Formed
40 years ago, Related is a fully integrated, highly diversified
industry leader with experience in virtually every aspect of
development, acquisitions, management, finance, marketing and
sales. Related's existing portfolio of real estate assets, valued
at over $15 billion, is made up of
best-in-class mixed-use, residential, retail, office and affordable
properties. For more information about Related
Companies please visit www.related.com.
Additional Information Regarding the
Solicitation
Corvex Management LP and Related Fund Management, LLC have filed
a definitive solicitation statement with the Securities and
Exchange Commission (the "SEC") to (1) solicit consents to remove
the entire board of trustees of CommonWealth REIT (the "Removal
Proposal"), and (2) elect a slate of new trustees at a special
meeting of shareholders that must be promptly called in the event
that the Removal Proposal is successful. Investors and security
holders are urged to read the definitive solicitation statement and
other relevant documents because they contain important information
regarding the solicitation. The definitive solicitation statement
and all other relevant documents are available, free of charge, on
the SEC's website at www.sec.gov. Information regarding the
participants in the solicitation and a description of their direct
and indirect interests, by security holdings or otherwise, to the
extent applicable, is available in the definitive solicitation
statement filed with the SEC on January 28,
2014 and Supplement No. 1 filed with the SEC on February 13, 2014.
For further information, contact:
Rupal Doshi
Corvex
(212) 474-6750
rdoshi@corvexcap.com
Joanna Rose
Related
(212) 801-3902
jrose@related.com
INVESTORS:
Edward McCarthy / Richard Grubaugh
D.F. King & Co., Inc.
(212) 269-5550
SOURCE Related Fund Management, LLC