New York REIT Announces Initiatives to Enhance Shareholder Value
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New York REIT (NYRT) Announces Strategic Actions Aimed at Enhancing Shareholder Value
October 1, 2015 6:28 AM EDTNew York REIT (NYSE: NYRT) announced the initiation of a series of governance, strategic and operational actions intended to enhance value for all shareholders and narrow the gap between net asset value (NAV) and the Company's current common share price. These changes are the result of weeks of engagement with NYRT's shareholders and careful consideration by the Company and its Board.
NYRT's senior management and Board of Directors unanimously endorsed the following actions:
The Board appointed Marc Rowan as a Director; The Board is conducting a search to identify additional... More