Tejon has applied to have the Warrants listed on the NYSE MKT platform under the ticker symbol “TRC WS” and anticipates that the Warrants will begin trading on the NYSE MKT on a “when issued” basis on or around August 19, 2013. Tejon has been advised by the New York Stock Exchange that the ex-dividend date for the Tejon common stock will be delayed through the use of “due bills,” such that Tejon common stock will begin trading on a regular way basis, ex-dividend, on August 29, 2013, the date following the anticipated issuance of the Warrants. Due bills are essentially an assignment from a seller of common stock to a buyer of the right to receive the dividend.Available Information Tejon will issue the Warrants pursuant to a warrant agreement between Tejon, Computershare, Inc. and Computershare Trust Company, N.A., as warrant agent. Copies of the warrant agreement may be obtained at no charge from Computershare Trust Company, N.A., the warrant agent, at (877) 898-2101 in the U.S. (toll-free) or (201) 898-2101 outside the U.S. The warrant agreement will also be filed as an exhibit to Tejon’s Current Report on Form 8-K, which will be available no later than August 13, 2013 on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov. Information on the procedures for exercising or selling the Warrants may be obtained by contacting the warrant agent at the telephone number provided above or by contacting the broker, bank, or other intermediary through which the Warrants are held. On or before the time of issuance of the Warrants, Tejon intends to file with the SEC a prospectus supplement registering the Tejon common stock to be issued upon exercise of the Warrants from time to time. A copy of the prospectus supplement and related prospectus may be obtained for free, when available, on the SEC website at www.sec.gov. Forward Looking Statements The statements contained herein, which are not historical facts, are forward-looking statements based on economic forecasts, strategic plans and other factors, which by their nature involve risk and uncertainties. In particular, among the factors that could cause actual results to differ materially are the following: business conditions and the general economy, future commodity prices and yields, market forces, the ability to obtain various governmental entitlements and permits, interest rates and other risks inherent in real estate and agriculture businesses. For further information on factors that could affect Tejon, the reader should refer to Tejon’s filings with the SEC.
About Tejon RanchTejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.