TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REITs”) (TSX: WIR.U; WIR.UN – OTCQX: WPTIF) is pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Lewis glass”) recommended that unitholders of the REIT (the “Unitholders”) vote FOR the special resolution (the “Arrangement Resolution”) approving the previously announced plan of arrangement (the “Arrangement”) under which an affiliate of Blackstone Real Estate Income Trust, Inc. would acquire all of the outstanding Trust Units of the REIT (each, a “Unity”) through a series of transactions which would result in Unitholders receiving US$22.00 per Unit in cash, subject to applicable withholdings (the “Transaction”). ISS and Glass Lewis are leading independent voting advisory firms that provide voting recommendations to institutional investors.
Extraordinary meeting of unitholders
The special meeting of unitholders (the “Meeting”) will be held via live audio webcast at https://meetnow.global/M7S59QJ on Thursday, October 7, 2021 at 10 a.m. (Toronto time).
YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY
The proxy voting deadline is 10 a.m. (Toronto time) on Tuesday, October 5, 2021
The Board of Trustees of the REIT Unanimously Recommends Unitholders Vote FOR the Arrangement Resolution
Full details of the Arrangement and voting procedures are set forth in the REIT’s management information circular dated September 2, 2021 (the “Circular”) available on the REIT’s website at www.wptreit.com and under the REIT’s profile on SEDAR at www.sedar.com.
How to vote
Your vote is important, regardless of how many units you own.
Voting for Beneficial Unitholders
- the Internet: Go to www.proxyvote.com. Enter the 16-digit control number printed on the voting instruction form and follow the on-screen instructions.
- Fax: Complete, date and sign the voting instruction form and fax it to the number indicated on the voting instruction form.
- To post: Enter your voting instructions, sign and date the voting instruction form and return the completed voting instruction form in the prepaid envelope enclosed with the Circular.
Voting for Registered Unitholders
- the Internet: Go to www.investorvote.com. Enter the 15-digit control number printed on the proxy form and follow the on-screen instructions.
- Phone: Dial 1-866-732-VOTE (8683) from a touch-tone phone and follow the automatic voice recording instructions to vote. You will need your 15-digit control number to vote.
- To post: Complete, sign and date the form of proxy and send it in the prepaid envelope enclosed with the Circular to: Computershare Investor Services Inc., Attention: Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1.
Questions and assistance to unitholders
Unitholders with questions regarding the transaction or who require assistance in voting may contact the REIT’s proxy solicitation agent and unitholder communications advisor, Laurel Hill Advisory Group, by telephone. at 1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (outside North America) or by email at [email protected]
About WPT Industrial Real Estate Investment Trust
WPT Industrial Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a Declaration of Trust under the laws of the Province of Ontario. The REIT acquires, develops, manages and owns distribution and logistics properties located in the United States. WPT Industrial, LP (the REIT’s operating subsidiary) indirectly owns or manages a portfolio of properties in 19 US states comprising approximately 38.0 million square feet of GLA and 112 properties.
Certain statements contained in this press release may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “expect”, “may”, “will”, “intend”, “should” and similar expressions. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, the following: statements relating to the transaction, including the approval process, background and reasons summarized or described in the statements noted by ISS and/or Glass Lewis; statements regarding the expected benefits of the transaction for Unitholders; and statements regarding the holding of the meeting of unitholders and the time thereof.
The forward-looking information contained in this press release is based on certain expectations and assumptions made by the REIT, including expectations and assumptions regarding the receipt of required approvals and the satisfaction of other conditions to the completion of the transaction , and that the arrangement agreement will not be modified or terminated. There can be no assurance that the proposed transaction will be completed, or that it will be completed on the terms and conditions contemplated in the arrangement agreement.
Although the REIT believes that the expectations and assumptions on which the forward-looking information contained in this press release is based are reasonable, undue reliance should not be placed on the forward-looking information, as the REIT cannot guarantee that it will prove to be correct. . Because forward-looking information deals with future events and conditions, by its nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: failure to obtain necessary approvals or to satisfy (or obtain a waiver of) the conditions to closing the transaction as contained in the arrangement agreement ; the occurrence of any event, change or other circumstance that may result in the termination of the Arrangement Agreement; material adverse changes in the business or affairs of the REIT; the ability of the parties to obtain the required court approval; the failure of either party to complete the Transaction when required or on the terms originally negotiated; competitive factors in the industries in which the REIT operates; interest rates, exchange rates, prevailing economic conditions; and other factors, many of which are beyond the control of the REIT. Other factors and risks that could affect the REIT, its business and the realization of the forward-looking statements contained herein are described in the REIT’s Annual Information Form and in the REIT’s Management’s Discussion and Analysis for the fiscal year ended December 2020 and in the other subsequent reports filed under the REIT’s profile at www.sedar.com.
The forward-looking information contained in this press release represents the REIT’s expectations as of the date hereof and is subject to change after such date. The REIT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by Canadian securities laws.
For more information please contact:
Scott Frederiksen, General Manager
Matt Cimino, COO
Tel: (612) 800-8530