Bloomberg Law
Aug. 21, 2023, 8:56 PM

Proxy Firms Urge Vote Against DHC, OPI Merger

Allegra Fradkin

Flat Footed, owner of about 9.8% of Diversified Healthcare Trust (DHC), said independent proxy advisory firms ISS, Glass Lewis, and Egan-Joneshave recommended DHC holders vote against the proposed merger with Office Properties Income Trust at the August 30 special meeting.

  • “We want to support the Board of Trustees in exploring superior paths that would benefit all stakeholders, including moderating capital expenditures, targeted asset sales, and pursuing non-dilutive financing options,” said Flat Footed
  • NOTE: Flat Footed Intends to Vote Against Proposed DHC & OPI Merger

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