Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Unitholders Vote “FOR” All of Mesabi Trust’s Proposals
10 Diciembre 2018 - 3:27PM
Business Wire
The Trustees of Mesabi Trust (NYSE:MSB) today announced that
leading independent proxy advisory firms, Institutional Shareholder
Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”)1 , have
recommended that Mesabi Trust Unitholders vote “FOR” all four of
the Trustee’s proposals at the Special Meeting of Unitholders
scheduled to be held on Thursday, December 20, 2018.
Favorable ISS and Glass Lewis Recommendations. Both ISS
and Glass Lewis, the two leading independent proxy advisory firms
whose recommendations are relied upon by major institutional
investment firms and other institutional shareholders, refer to the
solid rationale and practices of the Mesabi Trust as factors
supporting their FOR recommendations.
Commenting on the ISS and Glass Lewis reports1, the Trustees of
Mesabi Trust issued the following statement:
“We are pleased that both ISS and Glass Lewis
have recommended that Mesabi Trust Unitholders vote “FOR”
all four of the proposals at the upcoming Special Meeting on
December 20, 2018. We believe these proposals are necessary and in
the best interests of the Trust and the Unitholders.”
The Trustees of Mesabi Trust remind Unitholders that every
vote is important and urge all Unitholders to vote “FOR” all
four of the Special Meeting proposals TODAY.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains certain forward-looking statements
as defined in the Private Securities Litigation Reform Act of 1995.
These statements are based on Mesabi Trust’s current expectations
and involve risks and uncertainties, which may cause results to
differ materially from those set forth in the statements. The
forward-looking statements may include statements regarding actions
to be taken by the Trustees of Mesabi Trust, as well as the Trust’s
expectations for the outcome of the votes at the upcoming Special
Meeting. Mesabi Trust undertakes no obligation to publicly update
forward-looking statements, whether as a result of new information,
future events or otherwise. Forward-looking statements should be
evaluated together with the many uncertainties that affect Mesabi
Trust, particularly those mentioned in the risk factors in Item 1A
of our annual report on Form 10-K for the fiscal year ended January
31, 2018 and in our periodic reports on Form 10-Q.
Important Additional Information and Where You Can Find
It
The Trustees may be deemed to be participants in a solicitation
of proxies in connection with the matters to be considered at the
Special Meeting. Information regarding the names of Mesabi Trust’s
Trustees and their respective interests in the Trust is set forth
in the Trust’s definitive Proxy Statement for the December 20, 2018
Special Meeting, filed with the SEC on November 9, 2018 and other
reports filed by the Trust. These documents are available free of
charge at the SEC’s website at www.sec.gov and on the website of
Mesabi Trust at www.mesabi-trust.com.
THE TRUSTEES URGE MESABI TRUST UNITHOLDERS TO CAREFULLY READ
THE DEFINITIVE PROXY STATEMENT ACCOMPANYING THE WHITE PROXY CARDS
AND ANY OTHER RELEVANT DOCUMENTS THAT THE TRUST MAY FILE WITH THE
SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Copies of
the definitive proxy statement, any solicitation materials and any
other documents filed by Mesabi Trust with the SEC are available
free of charge at the SEC’s website at www.sec.gov. These documents
will also be made available free of charge by contacting the
Trust’s proxy solicitor, Georgeson LLC, toll free at
1-866-628-6079.
1 Permission to reference these reports was neither sought nor
obtained.
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version on businesswire.com: https://www.businesswire.com/news/home/20181210005828/en/
Mesabi Trust SHR Unit:Deutsche Bank Trust Company
Americas904-271-2520
Solicitation Agent:Georgeson LLC
1-866-628-6079
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