NEW YORK CITY—New York REIT has revealed at the company's special meeting of stockholders— held Wednesday—that over 99% of the shares of NYRT common stock that voted on the proposal to approve the plan of liquidation and dissolution of the company voted in favor of the proposal, with more than a majority of the outstanding shares approving, and therefore, the plan was approved.
“We are pleased with the outcome of today's vote, and I would like to thank all of NYRT's stockholders for their support throughout this process,” says Randolph Read, chairman of the board of directors of NYRT. “We look forward to executing the plan of liquidation with the goal of maximizing value for all stockholders expeditiously.”
“We are pleased with the outcome of today's vote, and I would like to thank all of NYRT's stockholders for their support throughout this process,” says Randolph Read, chairman of the board of directors of NYRT. “We look forward to executing the plan of liquidation with the goal of maximizing value for all stockholders expeditiously.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
