Jan. 14, 2013
American Realty Capital Trust, Inc.
, (NASDAQ: ARCT) ("ARCT" or the "Company") today reiterated its recommendation that all ARCT stockholders vote "FOR" the proposal to approve the merger with Realty Income Corporation (NYSE: O) ("Realty Income") and the other transactions contemplated by the merger agreement at the Company's Special Meeting of Stockholders scheduled for
Wednesday, January 16, 2013
. Stockholders can vote by:
- Telephone. Call toll free: (800) 690-6903. Stockholders must have their control number in hand. Follow the instructions provided.
- Internet. Log onto the website: www.proxyvote.com. Stockholders must have their control number in hand. Follow the instructions provided.
If a stockholder has previously voted against the transaction, they can still change their vote. A later-dated vote cast via the Internet, by telephone or a later-dated signed proxy card voting FOR the merger will cancel any previous vote. ARCT recommends that stockholders use the Internet and telephone voting options as time is short to the meeting date.
"We are encouraged by the support we have received from our stockholders in favor of the transaction, and look forward to completing the merger shortly," said
William M. Kahane
, Chief Executive Officer and President of ARCT. "We strongly believe that the merger with Realty Income achieves the highest attainable value for our stockholders and also allows them to participate in the potential upside of the combined company."
As previously announced on
January 9, 2013
, Institutional Shareholder Services ("ISS") recommends that ARCT stockholders vote FOR its proposed merger with Realty Income. In making its recommendation, ISS highlighted that:
"As the significant increase in expected dividends per O share, which fundamental analysis suggests should bolster O share prices, will likely have the effect of strengthening the merger's primary currency, moreover, ARCT shareholders can reasonably expect that the full market value of the consideration they receive will continue to improve as the market recognizes this increase in the value provided by O shares."*