Keystone Property Trust Announces Dates for Special Meeting
24 6월 2004 - 7:31AM
PR Newswire (US)
Keystone Property Trust Announces Dates for Special Meeting WEST
CONSHOHOCKEN, Pa., June 23 /PRNewswire-FirstCall/ -- Keystone
Property Trust (NYSE:KTR) announced that it has set July 1, 2004 as
the record date for a special meeting of its common shareholders at
which shareholders will be asked to consider and approve the
previously announced merger of Keystone Property Trust with and
into a subsidiary of a joint venture entity among ProLogis and
affiliates of investment funds managed by Eaton Vance Management.
Holders of record of Keystone Property Trust common shares at the
close of business on July 1, 2004 will be entitled to vote at the
special meeting. The date of the special meeting will be July 30,
2004. Further details regarding the special meeting will be set
forth in the definitive proxy statement that Keystone Property
Trust will mail to its common shareholders after the record date
with regard to the special meeting. As previously announced, the
merger agreement authorizes Keystone Property Trust to pay regular,
quarterly dividends to holders of its common shares for each full
fiscal quarter that has ended prior to the closing date of the
merger. Assuming that the merger is approved at the July 30, 2004
special meeting and that the closing date of the merger takes place
shortly thereafter as anticipated, the last full fiscal quarter
that will have ended prior to the closing date of the merger will
be the fiscal quarter ending June 30, 2004. Subject to the Keystone
Property Trust Board of Trustees' declaration of a dividend on
Keystone Property Trust's common shares in respect of the quarter
ending June 30, 2004, Keystone Property Trust expects that dividend
would be paid on July 30, 2004. Proxies may be solicited on behalf
of Keystone Property Trust, by members of its Board of Trustees and
executive officers. Information about such persons can be found in
Keystone Property Trust's definitive proxy statement relating to
its 2004 Annual Meeting of Shareholders, which is available without
charge at the U.S. Securities and Exchange Commission's ("SEC")
Internet website at http://www.sec.gov/. In connection with the
proposed transaction, Keystone Property Trust has filed a
preliminary proxy statement and will file a definitive proxy
statement with the SEC. Keystone Property Trust shareholders should
read the definitive proxy statement when it is available because it
will contain important information. Investors can obtain the
preliminary proxy statement and, once filed, the definitive proxy
statement, and other relevant documents, including the merger
agreement relating to the proposed transaction, without charge at
the SEC's Internet website. Keystone Property Trust, with
headquarters in West Conshohocken, Pennsylvania, is a fully
integrated real estate investment trust with a current portfolio of
143 properties, including properties under development, aggregating
over 34 million square feet in the Eastern United States. For more
information, contact Jennifer Pancoast at (484) 530-1800, send an
email to or visit the Company website at
http://www.keystoneproperty.com/. This press release may contain
statements which constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the intent, belief or current
expectations of the Company, its trustees, or its officers with
respect to the future operating performance of the Company and the
result and the effect of legal proceedings. Investors are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those in the
forward-looking statements as a result of various factors.
Important factors that could cause such differences are described
in the Company's periodic filings with the Securities and Exchange
Commission, including the Company's Form 10-K and quarterly reports
on Form 10-Q. DATASOURCE: Keystone Property Trust CONTACT: Jennifer
Pancoast, Keystone Property Trust, +1-484-530-1800, Web site:
http://www.keystoneproperty.com/
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