Corvex And Related Urge CommonWealth Shareholders To Act Now To Remove Board Of Trustees Posts Presentation Dispelling CommonWealth's Desperate, Diversionary Tactics
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:
Edward McCarthy / Richard Grubaugh
D.F. King & Co., Inc.
SOURCE Related Fund Management, LLC