Monmouth Real Estate Announces Review of Strategic Alternatives Monmouth Real Estate Investment Corporation Holmdel, UNITED STATES
HOLMDEL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE:MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors (the “Board”), working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value.
The Board intends to consider the full range of available alternatives including a potential sale or merger of the Company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the Board in its strategic review. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction.