NEW YORK, Sept. 16, 2013 /PRNewswire/ --
Dear fellow Prime Office REIT shareholders:
Like many of you Capstone Equities Capital Management is disturbed by the terms of the recent merger announcement with OCM German Real Estate Holding AG "Oaktree".
While Oaktree is a world class institution, we feel strongly that the terms offered are not advantageous to shareholders.
If you have not voted by proxy we urge shareholders to attend the annual meeting on September 24 and vote against the merger proposal (Agenda Numbers 8 and 9).
The merger ratio is inadequate and the capital raise is excessive.
Shareholders may find our counterproposal at the following web address:
http://investors.prime-office.ag/primeoffice/pdf/hv2013/2-Gegenantrag.pdf
Capstone will be hosting an open conference call [German Callers (800) 100-680000, International Dial-in (862) 255-5346 & US Callers: (888) 567-1602] on Thursday September 19, 2013 at 15:00 Central European Time (09:00 Eastern Standard Time) to share our views on the merger as well as discuss potential alternatives for Prime Office REIT should the merger be voted down.
Sincerely,
Adam M. Chud
Partner
Portfolio Manager
Capstone Equities Capital Management
Inquiries Contact:
+1-646-517-1411
info@capstonecm.com
545 Fifth Avenue, Suite 1209
New York, NY 10017
