CLEVELAND, Feb. 22, 2018 /PRNewswire/ -- Forest City Realty
Trust, Inc. (NYSE: FCEA) ("Forest City" or the "Company") today
issued the following statement:
As the Board of Directors'
previously announced process to review operating, strategic,
financial and structural options to enhance stockholder value
remains ongoing, the Board has extended the window by which the
Company must receive proper written advance notice of the
nomination of a director candidate at its 2018 Annual Meeting of
Stockholders. The nomination window, which commenced on
December 3, 2017, will now extend to
5:00 p.m. Eastern Time on
March 21, 2018. The Board intends to
conclude the strategic review process prior to expiration of the
extended nomination window.
The date and location of the 2018
Annual Meeting of Stockholders has yet to be announced. The Company
does not intend to comment further on the progress or status of the
review process unless the Company determines that further
disclosure is appropriate or required by law.
About Forest City
Forest City Realty Trust, Inc. is an NYSE-listed national real
estate company with $8.1 billion in
consolidated assets. The Company is principally engaged in the
ownership, development, management and acquisition of commercial,
residential and mixed-use real estate in key urban markets in
the United States. For more
information, visit www.forestcity.net.
Forward-Looking Statements
This press release contains forward-looking statements. Such
forward-looking statements relate to future, not past, events and
often address the Company's expected future actions and
performance. Forward-looking statements may be identified by the
use of words such as "expect," "intend," "plan," and similar words
and phrases. These forward-looking statements are not guarantees of
future events and involve risks, uncertainties and assumptions that
are difficult to predict. All statements regarding the Board's
review of operating, strategic, financial and structural
alternatives and expected associated costs and benefits, including
whether operating, strategic, financial and structural alternatives
could unlock value, are forward-looking. Actual developments and
business decisions may differ materially from those expressed or
implied by such forward-looking statements. Important factors,
among others, that could cause the Company's actual results and
future actions to differ materially from those described in
forward-looking statements include the uncertain outcome, impact,
effects and results of the Board's review of operating, strategic,
financial and structural alternatives, and the risks discussed in
the Company's documents filed with the SEC, including the Company's
Annual Report on Form 10-K for the year ended December 31, 2016, quarterly reports on Form 10-Q
and Current Reports on Form 8-K. The Company expressly disclaims
any obligation to update any forward-looking statement contained in
this press release to reflect events or circumstances that may
arise after the date hereof, all of which are expressly qualified
by the foregoing, other than as required by applicable law.
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SOURCE Forest City Realty Trust, Inc.