“We are pleased that both ISS and Glass Lewis support our Board’s unanimous recommendation that shareholders vote ‘FOR’ the transaction with ILPT,” said
The Monmouth Board of Directors urges Monmouth shareholders to follow ISS and Glass Lewis’s recommendations by voting “FOR” the pending transaction with ILPT.
As previously announced, Monmouth and ILPT have entered into a definitive merger agreement pursuant to which ILPT has agreed to acquire Monmouth for
The Transaction is expected to be completed before the end of the month, subject to approval by Monmouth’s common shareholders and the satisfaction of other customary closing conditions.
EVERY VOTE IS IMPORTANT! MONMOUTH SHAREHOLDERS ARE URGED TO VOTE “FOR” THE TRANSACTION WITH If you have any questions about the Special Meeting or need assistance voting your shares, please contact the Company’s proxy solicitor: Email: MNR-MPI@mackenziepartners.com Toll-Free: (800) 322-2885 |
About Monmouth
Additional Information and Where to Find It
In connection with the Special Meeting, Monmouth filed a definitive proxy statement on Schedule 14A (the “Definitive Proxy Statement”) with the
Participants in the Solicitation
Monmouth and certain of its directors and executive officers and other employees may be deemed to be participants in a solicitation of proxies from Monmouth’s shareholders under the rules of the
Forward-Looking Statements
Some of the statements contained in this communication constitute forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding consummating the Transaction. Any forward-looking statements contained in this communication are intended to be made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.
The forward-looking statements contained in this communication reflect Monmouth’s current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed in any forward-looking statement, including, without limitation, (i) inability to complete the Transaction because, among other reasons, one or more conditions to the closing of the Transaction may not be satisfied or waived; (ii) uncertainty as to the timing of completion of the Transaction; (iii) potential adverse effects or changes to relationships with tenants, employees, service providers or other parties resulting from the announcement or completion of the Transaction; (iv) possible disruptions from the Transaction that could harm Monmouth’s business, including current plans and operations; (v) unexpected costs, charges or expenses resulting from the Transaction; (vi) legislative, regulatory and economic developments; and (vii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and epidemics and pandemics, including COVID-19, as well as management’s response to any of the aforementioned factors. Monmouth does not guarantee that the Transaction and events described will happen as described (or that they will happen at all). For a further discussion of other factors that could cause Monmouth’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in Monmouth’s most recent Annual Report on Form 10-K and in its Quarterly Reports on Form 10-Q for subsequent quarters and the section entitled “Cautionary Statement Regarding Forward-Looking Statements” in Monmouth’s Definitive Proxy Statement.
While forward-looking statements reflect Monmouth’s good faith beliefs, they are not guarantees of future performance. Except to the extent required by law, Monmouth disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Contacts:
Investors
(732) 577-9996
mreic@mreic.com
Additional Investor Contact
(212) 929-5500
MNR-MPI@mackenziepartners.com
Media
(212) 355-4449
Source:
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