Seeking Alpha

Entire dissident slate wins election to CommonWealth board

  • Corvex and Related announce their entire slate of nominees has been elected to serve on the CommonWealth REIT (CWH +0.5%) board, getting about 85% of the votes.
  • "Today is a historic milestone for CommonWealth and the REIT industry, and a tremendous victory for shareholder rights," says the two investors.
  • Source: Press Release
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Comments (4)
  • Chris DeMuth Jr.
    , contributor
    Comments (4352) | Send Message
     
    Congratulations to Corvex, Related, and fellow (CWH) owners.
    23 May, 11:12 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4057) | Send Message
     
    I second that congrats. The system still works a little.
    23 May, 11:16 AM Reply Like
  • jaginger
    , contributor
    Comments (562) | Send Message
     
    great news. 85% win is not quite North Korean landslide territory, but it's close!
    23 May, 12:43 PM Reply Like
  • LC09
    , contributor
    Comments (5) | Send Message
     
    Does anyone have any idea when the missed preferred distributions will be declared or paid? Covenants precluded any distribution for both common and preferred shareholders during this shareholder led action. Now that it's been settled and Zell & associates are in charge, will they immediately reinstate the payments, or ????
    31 May, 05:53 AM Reply Like
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