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Shareholders urged to vote down New York City REIT proposals
6/2/2017

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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