Winthrop Realty Trust (Other) (8-K)
13 Novembre 2007 - 2:04PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) November 12, 2007
WINTHROP REALTY TRUST
(Exact Name of Registrant as Specified in Its Charter)
Ohio
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(State or Other Jurisdiction of Incorporation)
001-06249 34-6513657
------------------------ ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
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7 Bulfinch Place, Suite 500, P.O. Box 9507, Boston, Massachusetts 02114
(Address of Principal Executive Offices) (Zip Code)
(617) 570-4614
(Registrant's Telephone Number, Including Area Code)
n/a
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFT|R 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
Effective November 12, 2007, the Trust and holders holding more than
two-thirds of the Trust's outstanding Series B-1 Cumulative Convertible
Redeemable Preferred Shares of Beneficial Interest (the "Series B-1 Preferred
Shares") approved an amendment to the Certificates of Designation for the Series
B-1 Preferred Shares that modifies the redemption price upon a Compliance
Failure (as defined in the Certificates of Designation for the Series B-1
Preferred Shares). As amended, the redemption option provides for a redemption
price equal to either (i) 150% of the Liquidation Preference (as defined in the
Certificates of Designation for the Series B-1 Preferred Shares) if the
redemption notice is given prior to February 28, 2008 or (ii) 125% of the
Liquidation Preference thereafter. Prior to the amendment, the price to be paid
on Compliance Failure was the greater of (i) the current market value of the
underlying common shares upon a Compliance Failure or (ii) either (a) 150% of
the Liquidation Preference if the redemption demand is given prior February 28,
2008, (b) 110% of the Liquidation Preference if the redemption demand is made on
or after February 28, 2008 but prior to February 28, 2010, or (c) 100% of the
Liquidation Preference if the redemption demand is given on or after February
28, 2010.
The foregoing summary is qualified in its entirety by reference to the
Amendment to the Certificates of Designation which is attached hereto as Exhibit
4.1.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
4.1 Amendment to Certificates of Designation of Series B-1 Cumulative
Convertible Redeemable Preferred Shares of Beneficial Interest
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on this 12th day of November, 2007.
WINTHROP REALTY TRUST
By: /s/ Michael L. Ashner
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Michael L. Ashner
Chairman and Chief Executive Officer
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