New York REIT Liquidating LLC fka NYRT

[Enterprising Investor]

New York REIT Announces Director Resignation (2/16/17)

NEW YORK, Feb. 16, 2017 /PRNewswire/ -- New York REIT, Inc. ("NYRT" or the "Company") (NYSE: NYRT) today announced the resignation of Gregory F. Hughes from the Company's Board of Directors (the "Board"), effective February 15, 2017.

Mr. Hughes advised the Company that he was resigning because of disagreements with the Board and the Company relating to its governance. Further detail regarding the nature of the disagreements and the Company's response will be included in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the "SEC").

Michael Ashner, a principal of WW Investors, LLC, which selected Mr. Hughes to join the Board in October 2016 pursuant to a settlement agreement with the Company, and Winthrop REIT Advisors LLC, commented, "While we are exceedingly grateful to Greg for his efforts in moving NYRT forward, we retain our confidence that the company will continue to move forward with its plan of liquidation under the stewardship of the Board."

About NYRT NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. Additional information about NYRT can be found on its website at www.nyrt.com. NYRT may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

http://www.prnewswire.com/news-releases/new-york-reit-announces-director-resignation-300408802.html