Land & Buildings Files Preliminary Solicitation Materials Seeking Shareholder Support to Call Special Meeting
– Believes Shareholders Deserve to Have Their Voices Heard on AIV’s Proposed Spin-Off that Could Destroy
Significant Value –
– Continues to Believe the Proposed Transaction Will Not Close the Company’s Substantial Discount to
Stated NAV of $58 Per Share and that All Options for Maximizing Value Need to Be Considered –
– Company’s Recent Attempts to Justify Plan for Business Separation Have Only Further Revealed Extent to
Which Transaction Would Benefit Management at the Expense of Shareholders –
– AIV Claims that Spin-Off is in Best Interests of Shareholders – Yet Refuses to Put the Question to a
Shareholder Vote –