Press release content from Business Wire. The AP news staff was not involved in its creation.
Land & Buildings Issues Letter to Monmouth Real Estate Shareholders
January 26, 2021 GMT
STAMFORD, Conn. (BUSINESS WIRE) Jan 26, 2021
Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”) today issued the following letter to shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) regarding the Company’s flawed strategic alternatives process and Land & Buildings’ nomination of four highly-qualified director candidates for election at Monmouth’s 2021 Annual Meeting of Shareholders (“2021 Annual Meeting”).
The full text of the letter follows:
January 26, 2021
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ISSUES STATEMENT
Highlights Track Record of Superior Value Creation Overseen by Diverse, Experienced Board of Directors Monmouth Board Is Reviewing Blackwells’ Unsolicited Acquisition Proposal
Board’s Nominating and Corporate Governance Committee Will Evaluate Director Nominations and Proposals Submitted by Blackwells and Land & Buildings
Monmouth was the Single Best Performing Industrial REIT Based on Total Return to Stockholders, Over the Past Year
HOLMDEL, N.J, Dec. 31, 2020 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) today disclosed that, as of the deadline for receipt of such notices, it has received notice from Blackwells Capital LLC (“Blackwells”) of its intention to nominate four candidates to stand for election to the Company’s Board of Directors and submit six non-binding proposals, and has received notice from Land & Buildings Investment Man
Is WRI A Good Stock To Buy Now? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.