American Strategic Investment Co. Announces Response to Bellevue Capital Partners, LLC Tender Offer
10 10월 2023 - 7:15PM
Business Wire
American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the
“Company”) announced today that it has filed with the Securities
and Exchange Commission (“SEC”) a Solicitation/Recommendation
Statement on Schedule 14D-9 and Letter to Stockholders dated
October 10, 2023, regarding the tender offer commenced by Bellevue
Capital Partners, LLC (“Bellevue”) on September 27, 2023, to
purchase up to 350,000 shares of the Company’s Class A common stock
at a price of $10.25 per share (the “Tender Offer”). The Company’s
board of directors has made no determination of the fairness of the
Tender Offer or whether it is in the best interests of
stockholders, makes no recommendation and is neutral as to whether
stockholders should accept or reject the offer to tender their
shares. The Company urges each stockholder to review the Schedule
14D-9 and the accompanying Letter to Stockholders as well as the
tender offer materials sent by Bellevue and to make its own
decision regarding the Tender Offer based on the available
information. The Tender Offer will expire at 11:59 PM, New York
City time, on October 26, 2023, unless extended or earlier
terminated by Bellevue.
About the Company
American Strategic Investment Co. owns a portfolio of commercial
real estate. Additional information about ASIC can be found on its
website at https://www.americanstrategicinvestment.com.
Additional Information and Where to Find It
This press release is for informational purposes only and is
neither an offer to purchase nor a solicitation of an offer to sell
shares of the Company’s Class A common stock, nor is it a
substitute for the tender offer materials that Bellevue filed with
the SEC upon commencement of the tender offer. Bellevue initially
filed tender offer materials on Schedule TO on September 27, 2023,
and the Company initially filed a Solicitation/Recommendation
Statement on Schedule 14D-9 with the SEC with respect to the tender
offer on October 10, 2023. Holders of shares of the Company’s Class
A common stock are urged to read the tender offer materials
(including the Offer to Purchase, a related Letter of Transmittal
and certain other tender offer documents) and the
Solicitation/Recommendation Statement and accompanying Letter to
Stockholders (as each may be amended or supplemented from time to
time) because they contain important information that holders of
shares of the Company’s Class A common stock should consider before
making any decision regarding tendering their shares. The Offer to
Purchase, the related Letter of Transmittal and certain other
tender offer documents, as well as the Solicitation/Recommendation
Statement, are available to all holders of shares of the Company at
no expense to them. The tender offer materials and the
Solicitation/Recommendation Statement are available for free at the
SEC’s website at www.sec.gov or on the Company’s website at
https://www.americanstrategicinvestment.com. The information
contained in, or that can be accessed through, the Company’s
website is not a part of, or incorporated by reference herein. The
Company files annual, quarterly and current reports, proxy
statements and other information with the SEC. You may read any
reports, statements or other information filed by the Company with
the SEC for free on the SEC’s website at www.sec.gov.
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