Winthrop Realty Trust Announces Methodology to Determine the Amount of the Deemed Distribution Upon Transfer of Its Assets and Liabilities to Liquidating Trust (6/15/16)
BOSTON, June 15, 2016 (GLOBE NEWSWIRE) -- As previously reported, Winthrop Realty Trust (NYSE:FUR) (the “Company”) will transfer all of its assets and liabilities to a liquidating trust effective at the close of business on August 5, 2016. In connection therewith, on August 5, 2016 common shareholders of record will be distributed one unit of beneficial interest in the liquidating trust (which units will be in book-entry form) for each common share of beneficial interest in the Company held by such shareholder. For tax purposes, the value of such in-kind distribution will equal the average of the high and low trading prices for the Company’s common shares of beneficial interest on August 1, 2016, the last day on which the common shares will be traded.
Shareholders are strongly advised to contact their investment and tax advisors as to the tax consequences resulting from such distribution of units in the liquidating trust.
About Winthrop Realty Trust
Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT). Winthrop’s shareholders have adopted a plan of liquidation pursuant to which Winthrop is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our web-site at www.winthropreit.com. http://www.globenewswire.com/news-release/2016/06/15/848933/0/en/Winthrop-Realty-Trust-Announces-Methodology-to-Determine-the-Amount-of-the-Deemed-Distribution-Upon-Transfer-of-Its-Assets-and-Liabilities-to-Liquidating-Trust.html