Brief: Cascadilla Capital Partners Sends Letter To Power REIT Urging Sale
23/04/2019 18:56
April 23 (Reuters) - Cascadilla Capital Partners:
* CASCADILLA CAPITAL PARTNERS SENDS LETTER TO BOARD OF
TRUSTEES OF
POWER REIT URGING SALE
* CASCADILLA CAPITAL PARTNERS - "STRONGLY ENCOURAGES" POWER
REIT'S
BOARD TO IMMEDIATELY COMMENCE A PROCESS TO SELL OR LIQUIDATE CO
* CASCADILLA- SALE/LIQUIDATION OF POWER REIT'S FOUR HIGH
QUALITY
ASSETS, ABOUT $2 MILLION CASH BALANCE WOULD LIKELY GENERATE
PROCEEDS OF $11.00-$12.00/SHARE
* CASCADILLA CAPITAL PARTNERS - OWN 21,000 SHARES OF POWER
REIT
Source text for Eikon: ID:nBw1lhGjka
Further company coverage: PW.A
((Reuters.Briefs@thomsonreuters.com;))
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