Winthrop Realty Trust Announces Methodology to Determine the Amount of the Deemed Distribution Upon Transfer of Its Assets an...
June 15 2016 - 3:31PM
As previously reported, Winthrop Realty Trust (NYSE:FUR) (the
“Company”) will transfer all of its assets and liabilities to a
liquidating trust effective at the close of business on August 5,
2016. In connection therewith, on August 5, 2016 common
shareholders of record will be distributed one unit of beneficial
interest in the liquidating trust (which units will be in
book-entry form) for each common share of beneficial interest in
the Company held by such shareholder. For tax purposes, the
value of such in-kind distribution will equal the average of the
high and low trading prices for the Company’s common shares of
beneficial interest on August 1, 2016, the last day on which the
common shares will be traded.
Shareholders are strongly advised to contact
their investment and tax advisors as to the tax consequences
resulting from such distribution of units in the liquidating
trust.
About Winthrop Realty Trust
Winthrop, headquartered in Boston,
Massachusetts, is a NYSE-listed real estate investment trust
(REIT). Winthrop’s shareholders have adopted a plan of
liquidation pursuant to which Winthrop is liquidating and winding
down and, in connection therewith, is seeking to sell its assets in
an orderly fashion to maximize shareholder value. For more
information, please visit our web-site at www.winthropreit.com.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. With the exception
of the historical information contained in this news release, the
matters described herein contain “forward-looking” statements that
involve risk and uncertainties that may individually or
collectively impact the matters herein described. These are
detailed from time to time in the “Risk Factors” section of the
Company’s SEC reports. Further information relating to the
Company’s financial position, results of operations, and investor
information is contained in the Company’s annual and quarterly
reports filed with the SEC and available for download at its
website www.winthropreit.com or at the SEC website www.sec.gov.
Contact at Winthrop Realty Trust
Carolyn Tiffany
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: ctiffany@firstwinthrop.com
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