Winthrop Realty Trust liquidation plan approved

Breaking News:

Winthrop Realty Trust (NYSE:FUR) has announced that at its special meeting of common shareholders held earlier in the day holders of approximately 73% of Winthrop’s common shares of beneficial interest approved the plan of liquidation previously adopted by Winthrop’s Board of Trustees.

As a result, the plan of liquidation was approved by the requisite vote of shareholders. Winthrop will seek to sell all of its assets in an orderly fashion with a view towards maximizing proceeds. The liquidation will be done in accordance with the plan of liquidation approved by the shareholders and it is Winthrop’s intention to complete the liquidation by August 5, 2016.

If, however, Winthrop has not sold all of its assets and paid all of its debts by August 5, 2016, or if Winthrop’s Board of Trustees determines that it is otherwise advisable to do so, Winthrop will transfer and assign its remaining assets to a liquidating trust.

About Winthrop Realty Trust:

Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT) focused on acquiring, owning, operating and investing in real property as well as real estate collateralized debt and REIT preferred and common stock.

*MORE TO FOLLOW*

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Brokermandaniel

• 

  Capital Spreads

• 

  Beth Anne Lamar

• 

  Neil Woodfine