CLEVELAND, Nov. 30, 2017 /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 is
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 so
long as it is held not more than 30 days sooner or later than the
June 9 anniversary of the 2017 Annual
Meeting of Stockholders. The nomination window, which commences on
December 3, 2017, will now extend to
5:00 p.m. Eastern Time on the earlier
of two weeks following the announcement of the conclusion of the
Board's review process, or February 28,
2018, but in no event sooner than 5:00 p.m. Eastern Time on January 2, 2018. The date and location of the
2018 Annual Meeting of Stockholders has yet to be announced.
There is no timetable for
completion of the review process, and 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.