Trinity Place Holdings Inc. Sets Annual Meeting of Stockholders and Provides Update on Annual Filings
April 28 2023 - 4:45PM
Business Wire
Trinity Place Holdings Inc. (NYSE American: TPHS) (the
“Company”) announced that its annual meeting of stockholders will
be held at 77 Greenwich Street, New York, New York on Wednesday,
June 21, 2023 beginning at 10:00 a.m. local time. Further details
regarding the Annual Meeting have been made available to
stockholders in the Company’s proxy statement filed with the
Securities and Exchange Commission (the “SEC”) today.
The Company also advises that its audited consolidated financial
statements for the fiscal year ended December 31, 2022, included in
the Company’s annual report on Form 10-K filed with the SEC,
contained an audit report from its independent registered public
accounting firm with a going concern uncertainty paragraph due to
the Company’s pending debt maturities during the next 12 months,
the refinancing or extension of which had not yet been secured as
of the date of their opinion. Announcement of this information is
required by Section 610(b) of the NYSE American Company Guide. It
does not represent any change or amendment to any of the Company’s
filings for the fiscal year ended December 31, 2022.
ABOUT TRINITY PLACE HOLDINGS
Trinity Place Holdings Inc. is a real estate holding,
investment, development and asset management company. The Company’s
largest asset is a property located at 77 Greenwich Street in Lower
Manhattan, which is nearing completion as a mixed-use project
consisting of a 90-unit residential condominium tower, retail space
and a New York City elementary school. The Company also own a
105-unit, 12-story multi-family property located at 237 11th Street
in Brooklyn, New York as well as a property occupied by a retail
tenant in Paramus, New Jersey. In addition to its real estate
portfolio, the Company also controls a variety of intellectual
property assets focused on the consumer sector, a legacy of its
predecessor, Syms Corp. The Company also had approximately $275.8
million of federal net operating loss carry forwards at December
31, 2022, which can be used to reduce the Company’s future taxable
income and capital gains.
Forward Looking Statements
This press release includes forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on current
expectations and projections about future events and are not
guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified, and,
consequently, the actual performance of the Company may differ
materially from those expressed or implied by such forward-looking
statements. For a more complete description of these and other
possible risks and uncertainties, please refer to our Annual Report
on Form 10-K for the year ended December 31, 2022, as well as to
our subsequent filings with the SEC. The forward-looking statements
contained herein speak only as of the date hereof, and we assume no
obligation to update any forward-looking statements, whether as a
result of new information, subsequent events or otherwise, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230428005520/en/
Linda Flynn, (212) 235-2191 Linda.Flynn@tphs.com
Trinity Place (AMEX:TPHS)
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