ROCHESTER, N.Y., Aug. 27, 2015 /PRNewswire/ -- Home
Properties, Inc. (NYSE: HME) ("Home Properties" or the "Company")
today announced that it will hold a special meeting of stockholders
on Thursday, October 1, 2015, at
10:00 A.M., local time, at Clinton
Square, 14th Floor, Rochester,
New York 14604 (the "Special Meeting"). At the Special
Meeting, holders of record of the Company's common stock will be
asked to consider and vote on the following matters:
- a proposal to approve the merger of the Company with and into
LSREF4 Lighthouse Corporate Acquisitions, LLC, an affiliate of Lone
Star Real Estate Fund IV (U.S.), L.P. (the "REIT merger"), and the
previously announced Agreement and Plan of Merger, dated as of
June 22, 2015 and as may be amended
from time to time (the "Merger Agreement");
- a non-binding, advisory proposal to approve the compensation
that may become payable to the Company's named executive officers
in connection with the REIT merger; and
- a proposal to approve any adjournments of the Special Meeting
for the purpose of soliciting additional proxies if there are not
sufficient votes at the Special Meeting to approve the REIT merger
and the Merger Agreement.
The Company's board of directors fixed the close of business on
August 14, 2015 as the record date
for the determination of common stockholders entitled to notice of,
and to vote at, the Special Meeting and at any postponements or
adjournments thereof.
About Home Properties
Home Properties is a publicly traded multifamily real estate
investment trust that owns, operates, acquires and repositions
apartment communities in suburbs of major metropolitan areas,
primarily along the East Coast of the
United States. An S&P 400 Company, Home Properties
owns and operates 121 communities containing 41,994 apartment
units. For more information, please visit the Company's website at
www.homeproperties.com.
Forward Looking Statements
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements generally can be identified by use
of statements that include phrases such as "believe," "expect,"
"anticipate," "estimate," "intend," "plan," "will," "predicted,"
"likely," or other words or phrases of similar import. Such
statements involve known and unknown risks, uncertainties, and
other factors that may cause the actual results, performance, or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to, the ability of the Company to obtain required
stockholder approval required to consummate the proposed REIT
merger; the satisfaction or waiver of other conditions in the
Merger Agreement; the outcome of any legal proceedings that
may be instituted against the Company and others related to the
Merger Agreement; the ability of third parties to fulfill their
obligations relating to the proposed transactions, including
providing financing under current financial market conditions; the
risk that the REIT merger, the operating partnership merger or the
other transactions contemplated by the Merger Agreement may not be
completed in the time frame expected by the parties or at all; the
ability of the Company to implement its operating strategy; changes
in economic cycles; and competition within the multifamily
residential real estate industry. Although the Company believes
that the assumptions underlying the forward-looking statements
contained herein are reasonable, any of the assumptions could be
inaccurate, and therefore there can be no assurance that such
statements included in this communication will prove to be
accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the
Company or any other person that the results or conditions
described in such statements or the objectives and plans of the
Company will be achieved. Certain factors that could cause actual
results to differ materially from these forward-looking statements
are listed from time to time in the Company's SEC reports,
including, but not limited to, in the section entitled "Item 1A.
Risk Factors" in the Annual Report on Form 10-K filed by the
Company with the SEC on February 24,
2015. Any forward-looking statement speaks only as of the
date of this communication and we undertake no obligation to update
or revise any forward-looking statements, whether as a result of
new developments or otherwise.
Additional Information about the Proposed Transactions and
Where to Find It
In connection with the proposed transactions, the Company has
filed with the SEC a proxy statement, which proxy statement will be
mailed or otherwise disseminated to the Company's stockholders. The
Company also plans to file other relevant documents with the SEC
regarding the proposed transactions. INVESTORS ARE URGED TO READ
THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. You may obtain a free copy of the proxy
statement (if and when it becomes available) and other relevant
documents filed by the Company with the SEC at the SEC's website at
www.sec.gov. Copies of the documents filed by the Company will be
available free of charge on its website at www.homeproperties.com,
or by directing a written request to Home Properties, Inc. at
850 Clinton Square, Rochester, New
York 14604, Attention: Investor Relations.
The Company and its directors and executive officers may be
deemed to be participants in the solicitation of proxies in respect
of the proposed transactions. You can find information about the
Company's directors and executive officers in the Company's
definitive proxy statement filed with the SEC on March 27, 2015 in connection with its 2015 annual
meeting of stockholders. Additional information regarding the
interests of such potential participants will be included in the
proxy statement and other relevant documents filed with the SEC if
and when they become available. You may obtain free copies of these
documents from the Company using the sources indicated above.
Logo -
http://photos.prnewswire.com/prnh/20150127/171750LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/home-properties-inc-announces-date-of-special-meeting-of-stockholders-300134456.html
SOURCE Home Properties, Inc.