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Stock Market & Financial Investment News

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August 22, 2014
09:02 EDTSBYSilver Bay Realty says special meeting of stockholders to be held on Sept. 30
Silver Bay Realty Trust has set a meeting date for a special meeting of stockholders to consider and approve the previously announced internalization of the management of the company, whereby Silver Bay’s operating partnership will acquire PRCM Real Estate Advisers LLC, Silver Bay’s external manager, in exchange for the issuance of 2,231,511 common units of the Operating Partnership, pursuant to a contribution agreement among Silver Bay, Pine River Domestic Management L.P., Provident Real Estate Advisors LLC, the Manager, and the Operating Partnership. The special meeting will be held at 9:00 a.m., Central Time, on Tuesday, September 30.
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