Affirms Support for WisdomTree's Current
Strategy, Board and Management
Encourages Fellow Stockholders to Vote for All
Six of WisdomTree's Director Nominees Today
SAN
FRANCISCO, June 8, 2023 /PRNewswire/ -- Phase 2
Partners, an investment firm focused on the financial services
industry, today announced its support for ALL SIX WisdomTree, Inc.
("WisdomTree" or the "Company") director nominees ahead of the
Company's upcoming 2023 Annual Meeting of Stockholders on
June 16, 2023. Phase 2 Partners owns
approximately 1.3 million shares as of June
7, 2023.
Justin Hughes, Partner and
Portfolio Manager at Phase 2 Partners, said, "I have known
WisdomTree's management team for three decades, first purchasing
shares in 2007. We have watched this team deliver new and
innovative products over multiple market cycles. The WisdomTree
team has earned our confidence in its ability to execute on a
well-defined strategy. We are excited about the company's
commitment to 50% incremental margins over time and we believe that
the modest drag on near-term margins from digital will peak in
2023. We believe the digital initiatives represent significant
potential. The Board has already worked vigorously to refresh
itself in recent years."
WisdomTree CEO Jonathan Steinberg
said, "We appreciate Phase 2 Partners' and other investors' support
of WisdomTree's management, Board, and strategy. WisdomTree
is focused on continuing to drive organic growth in the ETF
franchise and further accelerating the top-line growth from our
tokenization initiatives. In addition, WisdomTree remains committed
to controlling costs and leveraging our 50%+ incremental margins to
further drive operating margin expansion."
About Phase 2 Partners
We are a team of seasoned investment professionals with
dedicated expertise in financials, fintech, insurance and
housing.
As a fundamentals driven long-short hedge fund, we seek to
leverage our experience to derive value out of mispriced public
equities and invest in high-quality names that benefit from secular
trends/tailwinds.
Important Additional Information and Where to Find It
WisdomTree filed a proxy statement on Schedule 14A, an
accompanying WHITE proxy card and other relevant documents
with the SEC in connection with such solicitation of proxies from
WisdomTree stockholders for WisdomTree's 2023 Annual Meeting.
WISDOMTREE STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ
WISDOMTREE'S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS
OR SUPPLEMENTS THERETO), ACCOMPANYING WHITE PROXY CARD, AND ALL
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and
stockholders may obtain a copy of the definitive proxy statement,
an accompanying WHITE proxy card, any amendments or
supplements to the definitive proxy statement and other documents
that WisdomTree files with the SEC at no charge at the SEC's
website at www.sec.gov. Copies will also be available at no charge
on WisdomTree's Investor Relations website at
https://ir.wisdomtree.com/sec-filings or by contacting
Jeremy Campbell, Head of Investor
Relations, at jeremy.campbell@wisdomtree.com, as soon as reasonably
practicable after such materials are electronically filed with, or
furnished to, the SEC.
Investors and stockholders can find out more about the proxy
vote at the 2023 Annual Meeting by visiting the WisdomTree investor
relations website and navigating to the page entitled "2023 Annual
Meeting":
https://ir.wisdomtree.com/2023-annual-meeting-proxy-vote.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/phase-2-partners-endorses-all-six-wisdomtree-nominees-ahead-of-upcoming-annual-meeting-of-stockholders-301846759.html
SOURCE Phase 2 Partners