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March 25, 2014
08:04 EDTCWHCommonWealth REIT confirms removal of entire board of trustees
CommonWealth REIT announced that it has confirmed that Related Fund Management LLC and Corvex Management LP delivered to CWH written consents reaching the 66.7% threshold required to remove the entire CWH Board of Trustees, without cause, and all CWH Trustees have been removed. As required by the November 18, 2013 Arbitration Panel order and CWHs Declaration of Trust, the officers of CWH will promptly call a special meeting of shareholders for the purpose of electing new Trustees to the CWH Board. CWH will file a preliminary information statement for the special meeting with the SEC, as required by federal securities laws, within one week. Subject to the timely completion of the required SEC regulatory review of the information statement, CWH expects to hold the special meeting on or before Friday, May 23, 2014. CWH will announce the time, date and place of the special meeting and the record date therefor concurrently with filing the definitive information statement with the SEC.
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