FREIT announces special shareholder meeting
Reuters2026/08/04 13:41- FREIT will hold a special shareholder meeting in Hasbrouck Heights, New Jersey on Sept. 29, 2026.
- Shareholders will vote on a plan to wind up the company through a voluntary liquidation, including selling all assets or transferring them to a liquidating trust.
- The plan also provides for FREIT’s dissolution, with liquidation proceeds expected to be distributed to shareholders over time.
- A separate proposal seeks approval to adjourn the meeting if needed to solicit additional votes for the liquidation plan.
- FREIT estimates total liquidating distributions of $24.44 to $30.03 per share, subject to asset-sale proceeds, costs, taxes, liabilities.
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