Preferred Apartment Communities, Inc.’s Special Meeting to Approve the All-Cash Acquisition by Blackstone Real Estate Income Trust is Scheduled for June 7th
June 03 2022 - 6:45AM
Business Wire
All Stockholders are Encouraged to Vote
Today!
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the
"Company") is reminding all stockholders that its previously
scheduled special meeting to approve the all-cash acquisition by
Blackstone Real Estate Income Trust, Inc. is scheduled for June 7,
2022. If the merger is completed, PAC stockholders will be entitled
to receive $25.00 in cash, without interest and less any applicable
withholding taxes, in exchange for each share of common stock they
own.
Stockholders who held shares of common stock as of April 11,
2022, the record date for the special meeting, are entitled to
vote. All stockholders are encouraged to vote immediately as the
cut-off for voting by telephone or internet will be 11:59 p.m.
Eastern Time on Monday, June 6, 2022.
Any stockholder that needs assistance voting their shares or has
questions is encouraged to contact our proxy solicitor, MacKenzie
Partners, toll-free at 1-800-322-2885.
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. (NYSE: APTS) is a real
estate investment trust engaged primarily in the ownership and
operation of Class A multifamily properties, with select
investments in grocery anchored shopping centers. Preferred
Apartment Communities’ investment objective is to generate
attractive, stable returns for stockholders by investing in
income-producing properties and acquiring or originating
multifamily real estate loans. As of March 31, 2022, the Company
owned or was invested in 113 properties in 13 states, predominantly
in the Southeast region of the United States. Learn more at
www.pacapts.com.
Additional Information and Where to Find It
In connection with the proposed merger, the Company has filed
relevant materials with the Securities and Exchange Commission (the
“SEC”), including a proxy statement on Schedule 14A (the “Proxy
Statement”). This communication is not a substitute for the Proxy
Statement or for any other document that the Company may file with
the SEC and send to the Company’s stockholders in connection with
the proposed transaction. INVESTORS AND SECURITY HOLDERS OF THE
COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders may obtain a free copy of the Proxy
Statement and other documents filed by the Company at its website,
www.pacapts.com, or at the SEC’s website, www.sec.gov. The Proxy
Statement and other relevant documents may also be obtained for
free from the Company by directing such request to Preferred
Apartment Communities, Inc., to the attention of the Corporate
Secretary, 3284 Northside Parkway NW, Suite 150, Atlanta, GA
30327.
Participants in the Solicitation
The Company and its directors and executive officers may be
considered participants in the solicitation of proxies with respect
to the proposed transaction under the rules of the SEC. Information
about the directors and executive officers of the Company is set
forth in its Annual Report on Form 10-K for the year ended December
31, 2021, which was filed with the SEC on February 28, 2022,
Amendment No. 1 on Form 10-K/A to amend its Annual Report on Form
10-K for the year ended December 31, 2021, which was filed with the
SEC on May 2, 2022, and subsequent documents filed with the SEC.
Additional information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, have also been
included in the Proxy Statement. Investors should read the Proxy
Statement carefully before making any voting or investment
decisions.
Cautionary Statement Regarding Forward Looking
Statements
This communication includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
are forward-looking statements that contain our current
expectations about future results. These forward-looking statements
are based on certain assumptions and expectations made by the
Company, which reflect our management’s experience, estimates and
perception of historical trends, current conditions and anticipated
future developments. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company, which may cause actual results to differ
materially from those implied or anticipated in the forward-looking
statements. When considering these forward-looking statements, you
should also keep in mind the risk factors and other cautionary
statements found in the Company’s respective filings with the SEC,
including its Annual Report on Form 10-K for the year ended
December 31, 2021, as amended, and subsequently filed Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. All
forward-looking statements, expressed or implied, included in this
communication are expressly qualified in their entirety by this
cautionary statement. This cautionary statement should also be
considered in connection with any subsequent written or oral
forward-looking statements that we or persons acting on our behalf
may issue. Except as otherwise required by applicable law, the
Company disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this release. The Company claims the safe harbor protection for
forward looking statements contained in the Private Securities
Litigation Reform Act of 1995.
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version on businesswire.com: https://www.businesswire.com/news/home/20220602006036/en/
Preferred Apartment Communities, Inc. John A. Isakson
770-818-4109 Chief Financial Officer Email:
jisakson@pacapts.com
Preferred Apartment Communities, Inc. Paul Cullen 770-818-4144
Executive Vice President-Investor Relations Email:
Investorrelations@pacapts.com
Additional Investor Contact: MacKenzie Partners, Inc. Bob Marese
212-929-5500
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