Winthrop Realty Trust Announces Appointment of Carolyn Tiffany as President and Peter Braverman as Executive Vice Chairman Effec
December 29 2008 - 5:00PM
PR Newswire (US)
BOSTON, Dec. 29 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE: FUR) today announced that effective January 1, 2009, Carolyn
Tiffany will be appointed as the Trust's President and Peter
Braverman, the Trust's current President, will become the Trust's
Executive Vice Chairman. Ms. Tiffany previously served as the
Trust's Chief Operating Officer from January 1, 2004 through
January 31, 2007. Michael L. Ashner, the Trust's Chairman and Chief
Executive Officer, commented "we are pleased that Carolyn has
elected to return to Winthrop where, in addition to assuming much
of her former duties, she will be integrally involved in our
acquisition activity and operations. Carolyn's leadership skills
and experience have been missed and her return can only serve to
strengthen the company as we navigate through these challenging
economic times. With Carolyn's addition to our management team,
Peter will again be able to focus a significant portion of his time
on asset management and acquisitions." Winthrop further announced
that the record date and pay date for the previously declared
regular quarterly dividend of $.40625 per Series B-1 Share has been
changed from January 20, 2009 and February 2, 2009, respectively,
to December 31, 2008 and January 30, 2009, respectively. Winthrop
Realty Trust is a NYSE-listed real estate investment trust (REIT)
headquartered in Boston, Massachusetts. Additional information on
Winthrop Realty Trust is available on its Web site at
http://www.winthropreit.com/. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995. With the
exception of the historical information contained in this news
release, the matters described herein contain "forward-looking"
statements that involve risk and uncertainties that may
individually or collectively impact the matters herein described.
These are detailed from time to time in the "Risk Factors" section
of the Company's Annual Report on Form 10-K/A for the year ended
December 31, 2007, as may be updated or supplemented in the
Company's Form 10-Q filings which discuss the factors that could
adversely affect the Company's results. Further information
relating to the Company's financial position, results of
operations, and investor information is also contained in the
Company's reports filed with the SEC, which reports are available
for download at our website http://www.winthropreit.com/ or at the
SEC website http://www.sec.gov/. DATASOURCE: Winthrop Realty Trust
CONTACT: At Winthrop Realty Trust, Beverly Bergman, Investor or
Media Inquiries, +1-617-570-4614, Web Site:
http://www.winthropreit.com/
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