Apple REIT Merger Vote Procedure Imposes Tight Deadlines and Tricky Provisions
With the snowy winter, Apple REIT investors may be able to hunker down and read the 400 plus page merger document detailing the merger procedure and their rights. But just in case they do not, here are a few tips to keep in mind if you own Apple 7, Apple 8, or Apple 9:
1) You must vote on or before February 21st;
2) Voting yes is easy;
3) But voting yes also means you lose your rights to demand an appraisal of your shares;
4) There are good reasons to demand an appraisal; but
5) You (quickly) must follow the procedures outlined in page 161 of your 400 page document.
The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.
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