Duke Realty Corporation (NYSE: DRE), a leading logistics property
real estate investment trust (REIT), announced today that, due to
the emerging public health impact of the COVID-19 (coronavirus)
pandemic, and to support the health of the company’s shareholders,
associates, and community, the company is changing its 2020 Annual
Meeting of Shareholders (the “Annual Meeting”) to be a virtual-only
meeting. The new time and URL for the meeting are as follows:
Virtual-only Meeting Time: 10:00 a.m. Eastern
TimeVirtual-only Meeting Link:
www.virtualshareholdermeeting.com/DRE2020
The date will remain Wednesday, April 29,
2020.
As described in the company’s proxy statement
for the Annual Meeting, dated March 11, 2020 (the “Proxy
Statement”), and other proxy materials that were previously
distributed, shareholders are entitled to notice of, and to vote
at, the Annual Meeting if you were shareholders of record as of the
close of business on February 20, 2020, the record date.
Attendance
In order to attend the virtual-only Annual
Meeting, please log into the meeting platform at
www.virtualshareholdermeeting.com/DRE2020. If you are a
shareholder, you will need your 16-digit control number included on
the proxy notice, proxy card, or the voting instruction form
previously distributed to you. Those without a control number may
attend as guests of the Annual Meeting. If you are a guest, you
will need to register by entering your name, email address, and
investor type. The Annual Meeting will start promptly at 10:00 a.m.
Eastern Time, and online access will begin at 9:45 a.m. Eastern
Time. We encourage you to access the Annual Meeting prior to the
start time.
Voting and Questions
If you are a shareholder, you may vote during
the Annual Meeting by following the instructions available on
www.virtualshareholdermeeting.com/DRE2020. You may also continue to
use the proxy card included with the proxy materials previously
distributed to you to vote, including by using the Internet or
telephone options described on the proxy card and as described in
more detail in the Proxy Statement. You may also ask questions
starting at 9:45 a.m. Eastern Time and continuing throughout the
Annual Meeting. We will answer as many as possible after the
business portion of the Annual Meeting. If there are any unanswered
questions, we will address them on our corporate website as soon as
practical after the Annual Meeting. Our intent is to ensure that
shareholders are afforded the same ability to participate in the
virtual-only meeting as you would be at an in-person meeting.
Guests will not have the option to vote or ask questions during the
virtual event.
Technical Support
You should ensure that you have a strong
Internet connection and allow plenty of time to log in and ensure
that you can hear streaming audio prior to the start of the Annual
Meeting. Technical support, including related technical support
phone numbers, will be available on the virtual-only meeting
platform at www.virtualshareholdermeeting.com/DRE2020.
Purpose
As stated in our original Notice of the Annual
Meeting, shareholders will be asked to act on the following matters
at the Annual Meeting:
- To elect 13 directors to serve on
the company’s Board of Directors for a one-year term ending at the
2021 Annual Meeting of Shareholders;
- To vote on an advisory basis to
approve the compensation of the company’s named executive officers
as set forth in the Proxy Statement;
- To ratify the reappointment of KPMG
LLP as the company’s independent registered public accountants for
the fiscal year 2020; and
- To transact such other business as
may properly come before the Annual Meeting and any adjournment or
postponement thereof.
EVERY VOTE IS IMPORTANT. To
assure a quorum is present at the Annual Meeting, please vote your
shares as promptly as possible by signing, dating, and returning
the proxy card previously provided; on the Internet at
https://www.proxyvote.com; or by telephone at 1.800.690.6903, in
each case as described in further detail in the Proxy
Statement.
About Duke Realty
Corporation
Duke Realty Corporation owns and operates
approximately 155 million rentable square feet of industrial assets
in 20 major U.S. logistics markets. Duke Realty Corporation is
publicly traded on the NYSE under the symbol DRE and is a
constituent of the S&P 500 Index.
Cautionary Notice Regarding
Forward-Looking Statements
This news release may contain forward-looking
statements within the meaning of the federal securities laws. All
statements, other than statements of historical facts, including,
among others, statements regarding the company’s future financial
position or results, future dividends, and future performance, are
forward-looking statements. Those statements include statements
regarding the intent, belief, or current expectations of the
company, members of its management team, as well as the assumptions
on which such statements are based, and generally are identified by
the use of words such as "may," "will," "seeks," "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "should,"
or similar expressions, although not all forward-looking statements
may contain such words. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that actual results may differ materially from those
contemplated by such forward-looking statements. Many of these
factors are beyond the company’s abilities to control or predict.
Such factors include, but are not limited to, (i) general adverse
economic and local real estate conditions; (ii) the inability of
major tenants to continue paying their rent obligations due to
bankruptcy, insolvency, or a general downturn in their business;
(iii) financing risks, such as the inability to obtain equity,
debt, or other sources of financing or refinancing on favorable
terms, if at all; (iv) the company’s ability to raise capital by
selling its assets; (v) changes in governmental laws and
regulations; (vi) the level and volatility of interest rates and
foreign currency exchange rates; (vii) valuation of joint venture
investments; (viii) valuation of marketable securities and other
investments; (ix) valuation of real estate; (x) increases in
operating costs; (xi) changes in the dividend policy for the
company’s common stock; (xii) the reduction in the company’s income
in the event of multiple lease terminations by tenants; (xiii)
impairment charges, (xiv) the effects of geopolitical instability
and risks such as terrorist attacks and trade wars; (xv) the
effects of natural disasters, including the current pandemic caused
by COVID-19, as well as floods, droughts, wind, tornados, and
hurricanes; and (xvi) the effect of any damage to our reputation
resulting from developments relating to any of items (i) – (xv).
Additional information concerning factors that could cause actual
results to differ materially from those forward-looking statements
is contained from time to time in the company's filings with the
Securities and Exchange Commission. The company refers you to the
section entitled “Risk Factors” contained in the company's Annual
Report on Form 10-K for the year ended December 31, 2019. Copies of
each filing may be obtained from the company or the Securities and
Exchange Commission.
The risks included here are not exhaustive and
undue reliance should not be placed on any forward-looking
statements, which are based on current expectations. All written
and oral forward-looking statements attributable to the company,
its management, or persons acting on their behalf are qualified in
their entirety by these cautionary statements. Further,
forward-looking statements speak only as of the date they are made,
and the company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events, or changes to future operating
results over time unless otherwise required by law.
Contact
Information:
Investors:Ron Hubbard317.808.6060
Media:Helen McCarthy317.708.8010
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