American Realty Capital Properties Comments on Letter from Marcato Capital Management
New York, New York, June 3, 2014 – American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) today issued the following statement in response to the letter from Marcato Capital Management dated June 2, 2014:
“ARCP welcomes open communications with its stockholders and values their input toward the shared goal of enhancing value. Our Board of Directors and management team regularly review the Company's strategic priorities and opportunities, including deleveraging, capital allocation, and assess a variety of strategic options. We are committed to driving value for all ARCP stockholders and will continue to take actions to achieve this important objective.”
About ARCP
ARCP is a self-managed publicly traded Maryland corporation listed on The NASDAQ Global Select Market, focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “anticipate,” “believe,” “expect” and “intend” indicate a forward-looking statement, although not all forward-looking statements include these words.
Contacts
Brian S. Block, CFO, Treasurer, Secretary and EVP
American Realty Capital Properties, Inc.
bblock@arcpreit.com
Ph: 212-415-6500
OR
Joele Frank / Meaghan Repko / Jonathan Keehner
Joele Frank, Wilkinson Brimmer Katcher
Ph: 212-355-4449
