Double Proxy Fight Complicates Monmouth REIT Battle

Thomas Ball, senior vice president at proxy solicitation firm Alliance Advisors LLC, said a proxy contest with two dissident slates on a board with staggered elections could get messy. “It comes down to the four highest vote getters, whether it is Blackwells’ candidates, Land & Buildings’ nominees or the incumbent slate,” he said. “Investors could become confused with so many different cards asking for their vote. ‘Which card do I vote on?’”

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