Dividend Capital Total Realty Trust Inc. (“TRT”) today confirmed that certain affiliates of MacKenzie Capital Management, LP (collectively, “Bidder”) have commenced an unsolicited tender offer to acquire approximately 5% of the outstanding shares of TRT at a price of $5.25 per share in cash. The offer is scheduled to expire on May 10, 2012.
Consistent with its fiduciary duties, TRT’s Board of Directors will consider the tender offer and advise TRT shareholders of its recommendation. Such recommendation will be made no later than April 6, 2012, and will be furnished to shareholders and filed with the Securities and Exchange Commission on a solicitation/recommendation statement on Schedule 14D-9.
Shareholders are urged to take no action with respect to the tender offer until TRT’s Board of Directors makes its recommendation.
Important Information and Where to Find It
This communication does not constitute an offer to buy or the solicitation of an offer to sell any securities. TRT intends to file a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer with the Securities and Exchange Commission (the “SEC”) no later than April 6, 2012. Shareholders are urged to read the solicitation/recommendation statement and any other documents filed with the SEC when they become available because they will contain important information. Shareholders may obtain a free copy of the solicitation/recommendation statement and other documents (when available) that TRT files with the SEC at the SEC’s website at http://www.sec.gov and TRT’s website at http://www.totalrealtytrust.com. In addition, the solicitation/recommendation statement and other documents (when available) filed by TRT with the SEC may be obtained from TRT free of charge by writing to TRT, Attn: Investor Relations, 518 17th Street, 17th Floor, Denver, Colorado 80202.
About Dividend Capital Total Realty Trust Inc.
Dividend Capital Total Realty Trust Inc., a Denver-based REIT, invests in a diversified portfolio of commercial real estate assets. As of December 31, 2011, the company owned 96 operating properties totaling approximately 18.2 million net rentable square feet in 30 geographic markets.
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