CommonWealth REIT Confirms Removal of Entire Board of Trustees
25 Março 2014 - 9:00AM
Business Wire
Outlines Special Meeting Process
CommonWealth REIT (NYSE:CWH) today announced that it has
confirmed that Related Fund Management LLC and Corvex Management LP
delivered to CWH written consents reaching the 66.7% threshold
required to remove the entire CWH Board of Trustees, without cause,
and all CWH Trustees have been removed.
As required by the November 18, 2013 Arbitration Panel
order and CWH’s Declaration of Trust, the officers of CWH will
promptly call a special meeting of shareholders for the purpose of
electing new Trustees to the CWH Board. CWH will file a preliminary
information statement for the special meeting with the Securities
& Exchange Commission (“SEC”), as required by federal
securities laws, within one week. Subject to the timely completion
of the required SEC regulatory review of the information statement,
CWH expects to hold the special meeting on or before Friday, May
23, 2014. CWH will announce the time, date and place of the special
meeting and the record date therefor concurrently with filing the
definitive information statement with the SEC.
The period for CWH shareholders to nominate individuals for
election as new Trustees at the special meeting is now open.
Shareholders who have owned at least $2,000 worth of CWH common
shares for at least one year may nominate individuals for election
as new Trustees at the special meeting by delivering advance notice
of such nomination in accordance with CWH’s Bylaws to the Secretary
of CWH at Two Newton Place, 255 Washington Street, Suite 300,
Newton, MA 02458 before 5:00 p.m. (Eastern time) on the tenth 10th
day following the day on which CWH first publicly announces the
established date of the special meeting. At the time of announcing
the date of the special meeting, CWH will also announce the date of
the advance notice deadline.
For more information about the process for making Trustee
nominations and the special meeting, please consult CWH's
Declaration of Trust and Bylaws at www.cwhreit.com or write to
CWH's Secretary at the address set forth above.
CommonWealth REIT is a real estate investment trust
headquartered in Newton, Massachusetts which primarily owns office
buildings located in central business districts across the
country.
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 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.
A Maryland Real Estate Investment 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:Joele Frank Wilkinson Brimmer KatcherAndrew
Siegel/Gabrielle Miller, 212-355-4449orInvestor:CommonWealth
REITTimothy Bonang, 617-796-8222Vice President, Investor
RelationsorJason Fredette, 617-796-8222Director, Investor
Relationswww.cwhreit.com
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