Flat Footed LLC Comments on Diversified Healthcare Trust’s Adjournment of Special Meeting of Shareholders
WILSON, Wyo.–(BUSINESS WIRE)–
Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of approximately 9.8% of the Company’s outstanding common shares, today commented on DHC’s adjournment of its Special Meeting of Shareholders (the “Special Meeting”) to September 6, at 10:00 a.m. Eastern Time, where shareholders are scheduled to vote on the proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”).
Marc Andersen, Managing Member of FFL, commented:
“We continue to believe that it is in the best interest of DHC shareholders to vote AGAINST the proposed merger with OPI at the adjourned Special Meeting.”
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About Flat Footed
Flat Footed LLC is a special situation, value-oriented investment management firm focused on leveraged, asset-heavy companies with complex capital structures. The Flat Footed LLC team has cumulatively managed $2.8 billion since founding their first fund together in 1999. For more information, visit www.flatfootedllc.com.
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Flat Footed LLC
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Okapi Partners LLC
Mark Harnett, 212-297-0720
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or
Longacre Square Partners
Greg Marose / Charlotte Kiaie, 646-386-0091
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KEYWORDS: Wyoming United States North America
INDUSTRY KEYWORDS: Asset Management Professional Services Finance
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