Winthrop Realty Trust Announces Methodology to Determine the Amount of the Deemed Distribution Upon Transfer of Its Assets and Liabilities to Liquidating Trust
BOSTON, June 15, 2016 (GLOBE NEWSWIRE) -- 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: firstname.lastname@example.org