Oct 10 Activist investor Bulldog Investors LLC
urged New York REIT Inc to hold a meeting of its
shareholders to elect a new board to oversee a planned
liquidation of the company's assets.
The board at New York REIT was elected in June 2015 "to
serve for a term ending at the 2016 annual meeting of
stockholders", which has not been scheduled, the hedge fund said
in a letter addressed to the company's Chairman Randolph Read.
Manhattan office and retail landlord New York REIT said in
August it would liquidate its assets and hand the proceeds to
shareholders, after the company abandoned a plan to merge with
privately held JBG Cos due to lack of shareholder support.
Bulldog Investors said on Monday it owned about 2.5 million
shares of New York REIT.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj