Winthrop Realty Trust Announces that Carolyn Tiffany and Bradley Scher Have Been Elected as Trustees and that Peter Braverman ha
12 Febrero 2009 - 4:00PM
PR Newswire (US)
BOSTON, Feb. 12 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE: FUR) announced today that Carolyn Tiffany, the Company's
President, has been elected as a member of the Company's Board of
Trustees effective February 12, 2009. Ms. Tiffany was elected to
fill the vacancy created by the resignation of Peter Braverman, the
Company's Executive Vice Chairman, as a member of the Company's
Board of Trustees effective February 11, 2009. Mr. Braverman will
remain in his position as the Company's Executive Vice Chairman.
Additionally, at a meeting of the holders of the Company's Series
B-1 Cumulative Convertible Redeemable Preferred Shares of
Beneficial Interest (the "Preferred Shares") held on February 12,
2009, Bradley Scher was elected as a member of the Company's Board
of Trustees. Mr. Scher was elected by the holders of the Preferred
Shares to fill the vacancy created when Steven Mandis' resigned as
a Trustee on November 11, 2008. Pursuant to the terms of the
Preferred Shares, the holders of the Preferred Shares have the
right to elect one member to the Company's Board of Trustees. Mr.
Scher is currently the Managing Member of Ocean Ridge Capital
Advisors, LLC, a privately held consulting firm. Winthrop Realty
Trust is a NYSE-listed real estate investment trust (REIT)
headquartered in Boston, Massachusetts. Additional information on
Winthrop Realty Trust is available on its Web site at
http://www.winthropreit.com/. DATASOURCE: Winthrop Realty Trust
CONTACT: Beverly Bergman, Investor or Media Inquiries of Winthrop
Realty Trust, +1-617-570-4614, Web Site:
http://www.winthropreit.com/
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