ITEM 8.01 OTHER EVENTS
Termination of Share Redemption Program.
On
Stockholder Proposals and Director Nominations for the Annual Meeting of Stockholders
The Company expects to hold its annual meeting of stockholders (the "Annual
Meeting") on
Stockholders interested in nominating a person as a director or presenting any
other business for consideration at the Annual Meeting must submit timely notice
thereof by following the procedures prescribed in Section 2.12 of the Company's
bylaws and in Rules 14a-8 and 14a-19. The date of the Annual Meeting will be
more than 30 days from the first anniversary of the Company's last annual
meeting of stockholders. Thus, to be timely and to be eligible for presentation
to and action by the Company's stockholders at the Annual Meeting, director
nominations and other stockholder proposals must be received by
Proposals should be directed to the attention of the Company's Secretary, Mr.
IMPORTANT INFORMATION FOR STOCKHOLDERS
ADDITIONAL INFORMATION AND WHERE TO FIND IT
On
STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT CAREFULLY AND IN ITS ENTIRETY WHEN IT IS AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS OR MATERIALS FILED OR TO BE FILED WITH THE SEC OR INCORPORATED BY REFERENCE IN THE DEFINITIVE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSALS TO BE VOTED ON BY THE COMPANY'S STOCKHOLDERS AT THE ANNUAL MEETING OF STOCKHOLDERS, INCLUDING THE PLAN OF LIQUIDATION.
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When available, stockholders will be able to obtain a copy of the definitive
proxy statement and other relevant documents, including the Company's Annual
Report on Form 10-K for the year ended
PARTICIPANTS IN THIS SOLICITATION
The Company, its directors and executive officers, the advisor, and the advisor's officers and employees may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the proposals to be voted on at the annual meeting of stockholders, including the Plan of Liquidation. Information regarding the Company, its directors and executive officers and the advisor, including detailed information regarding the interests of such entities or persons in the solicitation, will be included in the definitive proxy statement in connection with the annual meeting of stockholders. Stockholders may obtain the definitive proxy statement and other relevant documents free of charge as described above.
Forward-Looking Statements
The foregoing includes forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created by Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. Such statements are subject to known and unknown risks and uncertainties which could cause actual results to differ materially from those contemplated by such forward-looking statements. The Company makes no representation or warranty (express or implied) about the accuracy of any such forward-looking statements. These statements are based on a number of assumptions involving the judgment of management.
If the Plan of Liquidation is approved by the stockholders of the Company, there
are many factors that may affect the amount of liquidating distributions the
Company will ultimately pay to its stockholders, including, among other things,
the continuing impact of the COVID-19 pandemic, elevated market and economic
volatility due to adverse economic and geopolitical conditions, such as the war
in
These statements also depend on factors such as: future economic, competitive
and market conditions; the Company's ability to maintain occupancy levels and
rental rates at its real estate properties; and other risks identified in Part
I, Item 1A of the Company's Annual Report on Form 10-K for the year ended
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