ISS Recommends That Select Income REIT Shareholders Vote “FOR” the Proposed Merger with Government Properties Income Trust
SELECT INCOME REIT (SIR)
Last select income reit earnings: 10/29 07:00 am
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US:NYSE Investor Relations:
sirreit.com/investors/default.aspx
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Source: Business Wire
Leading Proxy Advisory Firm Recognizes the Sound Strategic Rationale and Believes the Merger Will Create a More Sustainable Company NEWTON, Mass.--(BUSINESS WIRE)-- Select Income REIT (Nasdaq:SIR) today announced that proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that SIR shareholders vote “FOR” the merger with Government Properties Income Trust (Nasdaq:GOV) at the Special Meeting of SIR shareholders to be held on December 20, 2018. In a separate report, ISS also recommended that GOV shareholders vote “FOR” the issuance of GOV common shares in the merger. In recommending that SIR shareholders vote “FOR” the merger, ISS stated in its December 7, 2018 report1: “…the transaction has sound strategic rationale as it would allow SIR to create shareholder value by simplifying its corporate structure and unlocking ILPT's growth potential.”
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