FREIT announces special shareholder meeting
Special meeting to vote on liquidation plan
FREIT will hold a special shareholder meeting in Hasbrouck Heights, New Jersey on Sept. 29, 2026.
- Shareholders will vote on a plan to wind up the company through a voluntary liquidation, including selling all assets or transferring them to a liquidating trust.
- The plan also provides for FREIT’s dissolution, with liquidation proceeds expected to be distributed to shareholders over time.
- A separate proposal seeks approval to adjourn the meeting if needed to solicit additional votes for the liquidation plan.
- FREIT estimates total liquidating distributions of $24.44 to $30.03 per share, subject to asset-sale proceeds, costs, taxes, and liabilities.
