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Shareholders urged to vote down New York City REIT proposals

Activist investor Michael Ashner of Winthrop Realty Trust has acquired shares in American Realty Capital's New York City REIT and is urging other shareholders to vote down a slate of proposals at the upcoming board meeting, including one that would limit investors' access to the company's books. The proposals "eliminate valuable shareholder protections," Winthrop Realty wrote in a letter to shareholders this month.

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