BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) (the “Company”) announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company’s common shares on the New York Stock Exchange will be August 1, 2016 and that its stock transfer books will be closed as of 4:00 p.m. (Eastern Time) on such date.
Company shareholders are reminded that on August 5, 2016 the Company will transfer all of its remaining assets into a liquidating trust. As a result, Company shareholders will receive beneficial interests in the liquidating trust in proportion to shares held in the Company. As previously disclosed, beneficial interests in the liquidating trust will generally not be transferable except by will, intestate succession or operation of law. For a detailed description of the federal income tax and investment considerations relating to such a transfer and its effect on your interests in the Company, reference is made to the proxy statement filed on Form 14-A on June 26, 2014 with the Securities and Exchange Commission, a copy of which is available on the Securities and Exchange Commission website, www.sec.gov as well as the Company’s website www.winthropreit.com under the investor relations tab. Shareholders are strongly advised to contact their investment and tax advisors as to questions which they may have.
About Winthrop Realty Trust
Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT). Winthrop’s shareholders have adopted a plan of liquidation pursuant to which Winthrop is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our web-site at www.winthropreit.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. With the exception of the historical information contained in this news release, the matters described herein contain “forward-looking” statements that involve risk and uncertainties that may individually or collectively impact the matters herein described. These are detailed from time to time in the “Risk Factors” section of the Company’s SEC reports. Further information relating to the Company’s financial position, results of operations, and investor information is contained in the Company’s annual and quarterly reports filed with the SEC and available for download at its website www.winthropreit.com or at the SEC website www.sec.gov.
Contact at Winthrop Realty Trust Carolyn Tiffany Investor or Media Inquiries Phone: (617) 570-4614; e-mail: email@example.com
Source:Winthrop Realty Trust