Apple REIT Merger Vote Procedure Imposes Tight Deadlines and Tricky Provisions

Posted on February 6th, 2014 at 10:00 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

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.

Related Attorneys: James J. Eccleston

Tags:

Return to Archive

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

October 2, 2024
SEC Charges Two South Florida Men for Defrauding Venezuelan-American Investors in $5 Million Scheme

The Securities and Exchange Commission (SEC) has filed a complaint against two South Florida men, Francisco Javier Malave Hernandez and Ricardo Javier Guerra Farias, for orchestrating a multi-million dollar investment fraud that targeted members of the Venezuelan-American community.

October 1, 2024
California Advisor Suspended and Fined for Churning Client Accounts

A veteran advisor in Santa Maria, California, Stewart "Paxton" Ginn, has been suspended for 18 months and fined $50,000 by FINRA, according to AdvisorHub

September 30, 2024
Bank of America and Merrill Lynch Settle with FINRA for Supervisory Failures

Bank of America and its subsidiary, Merrill Lynch, have agreed to a $3 million fine and censure as part of a settlement with FINRA over long-term supervisory failures.